Media
Rupert Murdoch
June 15- Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company's former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the U.S. Justice Department announced on Friday. The charges against Holmes, 34, and Ramesh Sunny Balwani, 53, were announced shortly after the privately...
June 15- Blood testing company Theranos Inc said on Friday its founder, Elizabeth Holmes, would step down as chief executive officer, amid fraud charges leveled against the privately held firm. Once called the Steve Jobs of biotech, Holmes started Theranos aged 19 and the company was soon considered a Silicon Valley darling with a $9 billion valuation based on...
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The Securities and Exchange Commission in March accused Holmes of "massive fraud" in connection with Theranos.
That could be the largest check ever written to the IRS, tax experts say.
Ben Silverman, former NBC Entertainment co-chairman and Propagate Content co-CEO, discusses how the AT&T and Time Warner merger helps legacy media companies compete with big tech players like Facebook and Apple.
CNBC’s Robert Frank takes a look at the potential tax bill for Rupert Murdoch after the bidding war over Fox assets between Comcast and Disney settles down.
Comcast said Friday that the European Commission has cleared its bid for Britain's Sky.
Jim Stewart, New York Times columnist and CNBC contributor, discusses what it will take for either Comcast or Disney to win the bidding war for Fox's assets.
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June 13- Comcast Corp offered $65 billion on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co, setting up a bidding war between two of the largest U.S. media companies with its 20 percent higher offer. Comcast Chief Executive Brian Roberts said he was highly confident regulators would allow Comcast to acquire most of Fox's...
June 13- Comcast Corp offered $65 billion on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co, launching the first salvo with its 20 percent higher offer and setting up a bidding war between two of the largest U.S. media companies. Comcast Chief Executive Brian Roberts said he was highly confident regulators would allow...
June 13- Comcast Corp offered $65 billion on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co, saying its all-cash bid was about 19 percent higher and launching the first salvo in what could be a bidding war between two of the largest U.S. media companies. Comcast Chief Executive Brian Roberts said he was highly confident...
June 13- Comcast Corp offered $65 billion on Wednesday for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration's attempt to block a merger with Time Warner Inc.. AT&T won a court victory over skeptical U.S. antitrust regulators on Tuesday when a federal judge allowed it to buy Time Warner for $85 billion,...
June 13- Comcast Corp offered $65 billion on Wednesday for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration's attempt to block a merger with Time Warner Inc.. Justice Department lawyers who tried to stop AT&T's $85 billion deal expect consumers will lose out as bigger companies raise prices, and some...
NEW YORK— Comcast made a $65 billion bid Wednesday for Fox's entertainment businesses, setting up a battle with Disney to become the next mega-media company. The bid comes just a day after a federal judge cleared AT&T's takeover of Time Warner and rejected the government's argument that it would hurt competition in cable and satellite TV and jack up costs to...
June 13- Twenty-First Century Fox Inc's shares hit a record high on Wednesday as approval for AT&T Inc's $85 billion buyout of Time Warner Inc spurred speculation that Comcast Corp would make an offer for most of Fox's assets. Shares of other telecom and media companies such as Sprint Corp, CBS Corp and Discovery Inc were all up between 1 percent to 3 percent.
A firm offer from Comcast, widely expected later in the day, could upend Fox's $52 billion all-stock deal to be bought by Walt Disney. Shares of other telecom and media companies such as Sprint Corp, CBS Corp and Discovery Inc were all up between 1.5 percent and 3 percent in early trading. Craig Moffett, an analyst with Moffett Nathanson, said Judge Richard Leon's...
Kay Koplovitz, former USA Networks CEO, and CNBC's Hampton Pearson discusses the government losing its case against AT&T over the merger with Time Warner, and what it means for the future of media consolidation.
Michael White, former DirecTV CEO, discusses the government losing its case against AT&T over the merger with Time Warner, and what it means for the future of media consolidation like the sale of Fox assets.
The entire U.S. telecommunications industry is anxiously awaiting Judge Richard Leon's decision on whether AT&T can buy Time Warner. Here is how the major companies in the industry could be affected.
The benchmark FTSE 100 and mid cap 250 index both bounced back in May from lows hit in March, undaunted by two critical Brexit-related events- a vote on the European Union withdrawal bill in parliament next week and a summit of the bloc's leaders at the end of this month. Investors are reconsidering the attractions of UK- listed equities relative to those in the...
