Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
The president also said he "offered to personally vouch" for Rocky's bail. Sweden, however, does not have a bail system.Politicsread more
CoinShares Chief Strategy Officer Meltem Demirors discusses Facebook's Libra project and its impact on the cryptocurrency market after testifying to the House Financial...Fast Moneyread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
On Tuesday, CNBC eported that Twenty-First Century Fox and Disney are on a "glide path" for a Thursday deal announcement for Fox's movie and television assets.
"With media reports indicating that the Disney/Fox deal looks to have the green light and likely gets announced tomorrow, all eyes will be on Iger & Co. going forward to see what direction Disney strategically takes this 'game changing' $60 billion+ media deal, " Daniel Ives, GBH Insights' head of technology research, wrote in a note to clients Wednesday. "We view this as a home run deal for Disney and while its [sic] an aggressive acquisition with a high price tag, in our opinion this is the right move at the right time as the marriage of these assets creates a much more formidable Disney on both the content and streaming front for the coming years."
Ives estimates Disney will have a dominant 35 percent to 40 percent market share of U.S. movie box office sales after the deal. He projects the company will be able to save about $2 billion in costs during the first 12 to 18 months after the acquisition.
Disney will also be in a better position to compete with internet giants with the new assets, according to the analyst. The company announced plans in August to launch a branded direct-to-consumer streaming service in 2019 and an ESPN streaming service in 2018.
"We continue to strongly believe the core underlying driver for this deal in our opinion is the impending battle royale for content and streaming services vs. the Netflix machine," Ives wrote. "Disney with this Fox acquisition in its back pocket would create a fiercer landscape for content and thus put itself in a much healthier position to gain market and mind share vs. the likes of technology stalwarts such as Netflix and Amazon when it officially launches in 2019."
Disney shares are underperforming the market this year. Its shares have rallied 3 percent through Tuesday versus the S&P 500's 19 percent gain.