Comcast Fuels Bidding War for Sky With Fox and Disney
Sara Fischer, media reporter for Axios, talks about Comcast's $31 billion bid for UK broadcaster Sky. Fox has offered $15 billion for the part of Sky that it doesn't already own.
Fischer says this is a play by Comcast to become global. Comcast is the largest cable provider in the United States but currently doesn't have much reach in Europe.
Fischer believes Comcast could actually just be targeting Sky News as a streaming service, rather than Sky as a whole. Netflix should be keeping an eye on any company trying to get into streaming, which Fischer says is just about every media company right now.
Lynn Martin, president of the New York Stock Exchange, talks to Cheddar News about the bounceback of the IPO market, the future of artificial intelligence, and the strength NYSE continues to command in the world of investing.
TSG Entertainment, which helped Disney finance 'Avatar: The Way of Water' just filed a lawsuit against the House of Mouse, claiming it has withheld profits and used other methods to avoid paying what is due.
