Tag Archives: Media

Bloomberg Warren Buffett Sees a ‘Red Hot’ Economy With Creeping Inflation (Bloomberg) — Warren Buffett delivered a clear verdict Saturday on the state of the U.S. economy as it emerges from the pandemic: red hot.“It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket and they’re paying higher prices,” he said.Buffett… Source link

(Reuters) – Verizon Communications Inc is exploring a sale of its media assets, including Yahoo and AOL, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The sales process, which includes private equity firm Apollo Global Management Inc, could yield a price of $4 billion to $5 billion, report said. Yahoo and AOL are the two large brands within Verizon Media, which also owns news publication HuffPost, technology news sites… Source link

Verizon Communications Inc. VZ, +0.20%  is exploring a sale of its media assets including Yahoo and AOL, according to people familiar with the matter, signaling a dramatic reversal of the communications company’s once-lofty ambitions in the sector. The sales process, which includes private-equity firm Apollo Global Management Inc. APO, +0.44%,  could yield a price of $4 billion to $5 billion, the people said, assuming there is… Source link

Bloomberg Oil Crown Jewels No Longer Off Limits in Mideast Amid Deal Surge (Bloomberg) — Time was when the Middle East’s petrostates recoiled from using their crown jewels to raise money from foreign investors.Not any more. In the space of a few weeks, Saudi Arabia, the United Arab Emirates, Qatar, Oman and Kuwait have all accelerated multi-billion-dollar plans to sell energy assets or issue bonds off the back of them. Capping that trend, Saudi Crown Prince Mohammed bin Salman said Tuesday… Source link

The sale of media assets Verizon is exploring could yield a price in the $4 billion to $5 billion range, people familiar with the matter said; a Verizon store in San Francisco. Photo: David Paul Morris/Bloomberg News Updated April 28, 2021 4:42 pm ET … Source link

The United States Postal Service may not be a likely candidate if you’re asked to name the government agencies you think are monitoring social media posts, but it’s apparently been doing just that. According to Yahoo News, the Postal Service’s law enforcement arm — the United States Postal Inspection Service or USPIS — has been running a surveillance program called the Internet Covert Operations Program (iCOP). Analysts with the team have reportedly been trawling social media websites… Source link

The law enforcement arm of the U.S. Postal Service has been quietly running a program that tracks and collects Americans’ social media posts, including those about planned protests, according to a document obtained by Yahoo News. The details of the surveillance effort, known as iCOP, or Internet Covert Operations Program, have not previously been made public. The work involves having analysts trawl through social media sites to look for what the document describes as “inflammatory”… Source link

Bloomberg Activists Get Their Moment With $21 Billion Toshiba Bid (Bloomberg) — The surprise takeover bid for Toshiba Corp. is a palpable demonstration of the growing influence in corporate Japan of activist investors, who have gone from largely impotent onlookers to kingmakers in the space of just a few years.The offer from CVC Capital Partners, while still in the early stages, comes just weeks after Toshiba Chief Executive Officer Nobuaki Kurumatani lost a landmark shareholder vote, forcing… Source link

Over the past year, Google Cloud has focused its strategy in great part on pursuing media customers undergoing a digital transformation. On Wednesday, Alphabet’s GOOGL, +0.88% GOOG, +0.70% Google Cloud division said it landed its biggest deal yet in Latin America, a seven-year strategic partnership with Brazil’s largest media company, Grupo Globo, a privately-held, multibillion-dollar giant that is in the midst of a… Source link

Verizon Media Group has launched Yahoo Plus subscriptions, a new suite of freemium products to grow its base of more than 3 million subscribers. Yahoo Plus is launching with four products: Yahoo Plus Mail, Yahoo Plus Finance, Yahoo Plus Protect and Yahoo Plus Fantasy. If subscribers select more than one product, they can save 10%, 15% or 20% through Verizon Media’s “Buy More, Save More” program. Subscribers will also see fewer ads… Source link