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Category Archives: Business

Disney Officially Wins Bidding War to Acquire 21st Century Fox After Comcast Pulls Out

After an almost certain victory for Disney was recently announced, Comcast has confirmed it’s pulling out of the bidding war it started with the Mickey Mouse company to acquire Fox’s media assets, including 21st Century Fox. The NBCUniversal owner originally bid $65 billion for the

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AT&T Now Officially Owns Time Warner

After a rough 20 month battle with the US Justice Department, AT&T has finally completed its acquisition of media giant Time Warner. The deal, valued at $85 billion, makes the carrier one of the largest media brands in the world with properties such as HBO,

Comcast Offers $65 Million to Snatch Fox from Disney

Back in May, Comcast stated it planned to outbid Disney in an attempt to snatch up assets being sold by Fox. This includes things like film and TV studios, movies like X-Men and Deadpool, and even shows such as The Simpsons and The Americans. While it didn’t have a bid back then,

Comcast to Outbid Disney in Attempt to Snatch Up Fox Assets

Back in December, Disney announced a multi-billion dollar deal it planned to make with Fox that would see the magical company obtained major entertainment assets such as film and TV studios, movies like X-Men and Deadpool, and even shows such as The Simpsons and The Americans. It was assumed the Walt Disney-founded

Sprint and T-Mobile Might Merge This Week

Following a recent report out of Reuters that claimed talks were back on, CNBC is saying Sprint and T-Mobile are finalizing a deal that will see the two carriers merge. This conversation between the companies has been stricken up multiple times, most recently late last year

Disney Acquires 21st Century Fox in Major Entertainment Deal

Disney has acquired Fox’s entertainment division, 21st Century Fox, for $52.4 billion in a major move that will shake up the media industry. The move places most of Fox’s major entertainment assets under Disney such as film and TV studios, movies like X-Men and Deadpool,

T-Mobile and Sprint Announce They’re Not Merging

After weeks and weeks of speculation from heated reports that flew in like hawks, T-Mobile and Sprint have both announced they’re no longer in talks regarding a possible merger. The identical reason the two carriers say they aren’t merging is that “the companies were unable

Apple’s Q3 2017 Earnings: The iPad is Back

Apple just announced its fiscal Q3 2017 earnings, and it goes to show what Apple’s doing with the iPad is working. The company brought in $45.4 billion revenue over $50.6 billion collected last quarter. $8.72 billion of that is all profit. This is thanks to

Breaking: Amazon Acquiring Whole Foods for Nearly $14 Billion

Amazon today announced their latest stretch into the grocery market by acquiring Whole Foods for nearly $14 billion. The online retailer will pay $42 per share in an all-cash transaction that’s valued at $13.7 billion which includes Whole Food’s net debt. “Millions of people love Whole