Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
The U.S. government on Monday temporarily eased some trade restrictions imposed recently on China's Huawei, a move that sought to minimize disruption for the telecom company's...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
Stocks in Asia mostly recovered in Tuesday afternoon trade as investors cheered a reprieve in U.S.-China trade tensions surrounding Chinese telecommunications giant Huawei.Asia Marketsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
Huya, a Chinese live streaming platform focused on gaming, is looking to expand into the U.S. in the next couple of years, CEO Rongjie Dong told CNBC. The U.S. is expected to...Technologyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
CBS offered $5 billion to acquire Lions Gate's premium cable channel Starz about two months ago but was rejected, according to a person familiar with the matter.
The Lions Gate board felt the offer undervalued Starz, which has more than 25 million U.S. subscribers. Starz competes with premium channels HBO and Showtime on traditional TV and has a standalone streaming app, Starz Go.
Still, executives at Lions Gate believe the company fits well within CBS and are open to the idea of selling to CBS or a combined CBS-Viacom at a higher price, said the person, who asked not to be named because the discussions are private. CBS isn't interested in buying the entirety of Lions Gate, the person said.
A deal for Starz doesn't preclude CBS from moving forward with a merger with Viacom, another person said. CBS and Viacom are slowly moving closer to a deal and negotiations over price could start as soon as next month, a third person said. A CBS spokesman declined to comment.
CBS and Viacom are actively looking for scale to better compete with behemoths Netflix, Amazon, Comcast, Disney and AT&T's WarnerMedia. Buying Starz would add high profile shows like "Power," "American Gods" and "Outlander" to CBS's entertainment library as well as provide the company with greater access to international content viewers. Viacom would give CBS added scale with networks such as MTV, Nickelodeon and Comedy Central.
Representatives for Lions Gate declined to comment.
— CNBC's Julia Boorstin contributed to this story.
Disclosure: Comcast is the parent company of CNBC.