ValueAct takes $1 billion stake in 21st Century Fox-Reuters

By Reuters News — 1 year ago

Hedge fund ValueAct Capital LLC said it had taken a $1 billion stake in Rupert Murdoch-controlled film and TV company Twenty-First Century Fox Inc
Fox withdrew its $80 billion bid to buy Time Warner Inc last week after being rebuffed by the owner of CNN, HBO and Warner Bros studios. Murdoch said he has no plans to pursue another company as an alternative, Reuters reported.

Continue

Time Warner Closes Buy of Insight Communications from the Carlyle Group

By Luisa Beltran — 4 years ago

Time Warner has closed its $3 billion buy of Insight Communications Co. The seller was the Carlyle Group. The deal was announced last August. Insight is the 10th largest cable operator in the United States, serving around 750,000 customers in Illinois, Indiana, Kentucky and Ohio, Reuters has reported. PRESS RELEASE Time Warner Cable Inc. (NYSE:TWC) […]

Continue

VC-Backed Game Maker Trion Worlds Ponders IPO

By Reuters News — 4 years ago

(Reuters) – Little-known online games company Trion Worlds, after raising more than $100 million in venture capital since 2006, is looking at becoming the newest debutante at the digital media IPO ball. Not unlike larger and better-known games company Zynga, which filed for an IPO of up to $1 billion in July, Trion is considering […]

Continue

Question of the Week: Does Facebook/Time Warner Deal Threaten Netflix, Cable Companies?

By Luisa Beltran — 5 years ago

Create your free online surveys with SurveyMonkey, the world’s leading questionnaire tool.

Earlier this week, Time Warner agreed to test a new video rental service on Facebook. Users can now rent the “The Dark Knight” for 30 Facebook credits or $3, watching the Batman movie instantly on their PCs.

Some say this deal — if it works — could sound the death knell for Netflix, which saw its share price drop from $207.40 to $195.45 on the day of the announcement (March 8). Others, like this analyst, say the move doesn’t represent an immediate threat to Netflix.

Continue