Rumors are swirling that Netflix (NASDAQ: NFLX) is looking to acquire Roku (NASDAQ: ROKU) after the latter closed the trading window for employees, prohibiting them from selling vested shares. Many investors are excited about the possibility of such an acquisition, and that sent the share price of Netflix higher alongside the bump in Roku shares from the expected premium an acquisition would require. There are several good reasons for investors to like the prospect of Netflix acquiring Roku, but there are also a lot of good reasons it doesn't make sense...
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Continue Reading(Bloomberg) -- Amazon.com Inc. is planning to withdraw from a heated competition for the rights to stream Indian Premier League cricket matches, according to people familiar with the matter, ceding one of the world’s most popular sporting contests to rivals from Walt Disney Co. to Mukesh Ambani’s Reliance Industries Ltd.Most Read from BloombergEating Two Portions of Fish Per Week Linked to Deadly Skin CancerWhy Inflation Is Hitting American Households Like Never BeforeMeta Halts Development of A...
Continue Reading(Bloomberg) -- Here’s the key business news from London-listed companies this morning.Most Read from BloombergEating Two Portions of Fish Per Week Linked to Deadly Skin CancerWhy Inflation Is Hitting American Households Like Never BeforeMeta Halts Development of Apple Watch Rival With Two CamerasTarget Tries to Save Itself by Putting Everything on SaleChina Weighs Reviving Jack Ma’s Ant IPO as Crackdown EasesBank of England: The central bank has concluded that emergency planning at the UK’s bigg...
Continue Reading(Bloomberg) -- Jeff Bezos and Mukesh Ambani, two of the world’s richest men, are set for another clash. This time the fight is over media rights to the Super Bowl of cricket, one of the world’s fastest-growing sporting events that draws 600 million viewers and has a brand value of almost $6 billion. Most Read from BloombergEating Two Portions of Fish Per Week Linked to Deadly Skin CancerWhy Inflation Is Hitting American Households Like Never BeforeTarget Tries to Save Itself by Putting Everythin...
Continue Reading(Bloomberg) -- President Jair Bolsonaro said he fears the worst may have happened to a British journalist and an expert on indigenous peoples who went missing four days ago in the Brazilian Amazon after receiving threats. Most Read from BloombergEating Two Portions of Fish Per Week Linked to Deadly Skin CancerWhy Inflation Is Hitting American Households Like Never BeforeTarget Tries to Save Itself by Putting Everything on SaleMeta Halts Development of Apple Watch Rival With Two CamerasChina Weig...
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