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.

More In Business

Powell says Fed is More Confident Inflation is Slowing

Chair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target.

Amazon Prime Day Deals Start July 16

July sales events have become a seasonal revenue driver for the retail industry since Amazon launched its first Prime Day in 2015.

Trump Media Shares Surge After Assassination Attempt

Trump Media surged in the first day of trading following an assassination attempt on former President Donald Trump.

Surfer Kelly Slater Drops In On Skincare With ‘Freaks of Nature’

Freaks of Nature offers sustainable skincare for outdoor athletes, focusing on performance and eco-consciousness with innovative formulations and packaging.

Fed Maintains Rates Amid Inflation, Economic Concerns Persist

The Fed maintained the 5.25-5.5% rate in May 2024 due to persistent inflation and a tight labor market amid public concerns about financial futures.

Is Co-Ownership The Solution To The Frozen Housing Market Dilemma?

The Q3 2024 housing market saw high prices, stable mortgage rates, and low inventory, driving competition, and record median home prices of $419,300.

JPMorgan Profits Jump In Q2 On Higher Interest Rates, Visa Shares

JPMorgan Chase says profits jumped sharply ias the bank cashed in billions of dollars of its holdings in Visa Inc., also helped by higher interest rates.

Senator Calls Out Big Tech’s New Approach to Poaching AI talent

U.S. Sen. Ron Wyden is calling for action against a new practice big technology companies are using to swallow up AI talent.

The $36 Billion Trading Loss You’ve Never Heard Of

Archegos's Bill Hwang turned $10 billion into $160 billion into nothing. Plus: Intuit's layoffs, Elon's travails, Boeing's bad week, Jerome Powell, and mor

Costco Raises Annual Membership Fees for the First Time Since 2017

Costco bargain hunters are going to have to pay an additional $5 to $10 annually as the warehouse chain prepares to raise its membership fees.

Load More