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.
Grove Collaborative’s CEO shares how the company is reinventing everyday goods with sustainability at the core and working toward a plastic-free future.
Atlanta Mayor Andre Dickens shares plans for affordable housing, community-led growth, and why private and public grocery stores could be key to food equity.
Tesla reported a surprise increase in sales in the third quarter as the electric car maker likely benefited from a rush by consumers to take advantage of a $7,500 credit before it expired on Sept. 30. The company reported Thursday that sales in the three months through September rose 7% compared to the same period a year ago. The gain follows two quarters of steep declines as people turned off by CEO Elon Musk’s foray into right-wing politics avoided buying his company’s cars and even protested at some dealerships. Sales rose to 497,099 vehicles, compared with 462,890 in the same period last year.
Tom’s Guide Editor-in-Chief Mark Spoonauer breaks down Apple & Amazon's latest product drops—what's hot, what's hype, and what really matters for users.
InnerPlant CEO Shely Aronov reveals how engineered crops like soybeans and corn emit signals when stressed—offering farmers early warnings to boost yields.
Payoneer CEO John Caplan discusses the implications of $100K H1B visa requirements—and how they could reshape tech talent, hiring, and U.S. competitiveness.
