Billionaire activist investor William Ackman has liquidated a $1.1 billion bet on Netflix, and booked a loss of more than $400 million. The development comes at a time when the video streaming company reported a loss of subscribers for the… Read More ›
In a statement on Wednesday, Netflix said, it has offered to acquire Finnish Next Games, a publicly listed mobile games company. “We are excited for Next Games to join Netflix as a core studio in a strategic region and key… Read More ›
On Monday, the CEO of Deutsche Telekom, Vodafone, and 11 other major European telecoms companies said, U.S. tech giants should bear some of the costs of developing telecom networks in Europe based on the fact that they use them so heavily. The… Read More ›
On Thursday, in a statement Sony Corp and AT&T Inc’s animation business Crunchyroll stated, the former will purchase the latter for $1.175 billion. The development sees Sony aiming to boost its entertainment content and distribution businesses. The deal will provide… Read More ›
In the coming days, Netflix is likely to announce Spencer Neumann as its CFO. The top level change at Activision Blizzard Inc could be because of Netflix’s poaching. Gaming giant Activision Blizzard Inc has appointed Dennis Durkin as its chief… Read More ›
The $26 billion plan aims to overhaul the country’s tax structure by placing taxes paid by conventional companies on par with their more modern peers. Digital companies which will be effected by the move include Uber and Netflix. Chilean President… Read More ›
Tune in to the M&A channel to view the latest in the top prime time drama over Britain’s Sky. Topping Rupert Murdoch’s Twenty-First Century Fox’s bid for Britain’s Sky, Comcast Corp raised its offer to $32.5 billion. Previously, Fox had… Read More ›
Judge Richard Leon is expected to take a decision on the proposed merger by June 12. As per a court filing, AT&T wants a federal judge to reject any request by the U.S. Justice Department which compels it to divest… Read More ›
iQiyi, China’s equivalent to Netflix, will be listed on the Nasdaq on Thursday under the symbol IQ. Unlike its U.S. peer, the video streaming platform has a low subscriber base and generates additional revenues from syndication, online marketing and gaming…. Read More ›
The deal, representing on the biggest in the movie and television industry in recent years, should be seen in the context of viewers migrating to technology companies such as Amazon.com and Netflix for their on-demand, anywhere, anytime access features. No… Read More ›
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