Disney Makes $52.4 Billion Deal for 21st Century Fox
Disney is buying 21st Century Fox assets for just over $52 Billion dollars in stock. Axios Media Reporter Sara Fischer breaks down what this deal means for the future of media consolidation.
Fischer says Disney has been trying to figure out how it can scale to compete against Netflix in the streaming service space. This deal will give Disney ownership of Fox's 30 percent stake in Hulu. It is worth noting this deal isn't quite complete, as it still awaits regulatory approval from the Department from Justice.
Recently, the DOJ sued to block the merger between AT&T and Time Warner. Fischer says Disney and Fox executive say this deal doesn't pose the same type of anti-competition problems as AT&T and Time Warner because they don't have a broadband service that reaches consumers directly. But Disney's pending stake in Hulu could give the mouse house favorable content access.
Skift airline reporter Meghna Maharishi breaks down how the government shutdown is hitting air traffic control—and what it means for travelers and flight safety
Aya Kantorovich, Co-CEO of August Digital, breaks down Bitcoin’s surge, crypto ETFs, institutional investment trends, and the future of safer crypto access.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
Sinead O’Sullivan breaks down Taylor Swift’s genius marketing for The Life of a Showgirl, which just set the record for most albums sold in a single week.
Markets are emerging from a turbulent Q3. Horizon’s Mike Dickson shares insights on interest rates, small caps, and where investors should look in Q4 and beyond
Bambu Ventures's Kyle Pretsch dives into Lemonaid’s $10M buyout, down from 23andMe’s $400M price tag, and what’s next after Chrome Co.’s dramatic pivot.
Former Cisco Systems CEO John Chambers learned all about technology’s volatile highs and lows as a veteran of the internet’s early boom days during the late 1990s and the ensuing meltdown that followed the mania. And now he is seeing potential signs of the cycle repeating with another transformative technology in artificial intelligence. Chambers is trying take some of the lessons he learned while riding a wave that turned Cisco into the world's most valuable company in 2000 before a crash hammered its stock price and apply them as an investor in AI startups. He recently discussed AI's promise and perils during an interview with The Associated Press.
