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Stock Market & Financial Investment News

News Breaks
February 19, 2013
06:17 EDTBT, BSYBY, DISBT in discussions to buy football rights from ESPN, FT reports
BT (BT) is in talks to acquire football rights from ESPN as the Disney-owned (DIS) channel considers a U.K. exit, the Financial Times reports. BSkyB (BSYBY) is also said to be interested in the assets. Reference Link
News For BT;DIS;BSYBY From The Last 14 Days
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November 26, 2014
05:54 EDTBTEE confirms Deutsche Telekom, Orange talks with BT Group
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November 25, 2014
06:41 EDTBTBT Group in good position for M&A deals, Reuters columnist says
Britain's BT Group (BT) is in a strong position to carry out M&A deals in the mobile space, and could look to buy Telefónica’s (TEF) O2 unit or Orange and Deutsche Telekom’' (DTEGY)s EE, a Reuters Breakingviews columnist wrote. However, BT would have to beat out competing bidders for either potential target, the columnist added. Reference Link
November 24, 2014
06:15 EDTBTBT Group in talks to buy Telefonica's O2, Reuters reports
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November 21, 2014
05:15 EDTDISDisney, Shanghai Media Group expand strategic entertainment alliance
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November 20, 2014
06:14 EDTBTVodafone may be 'forced' to bid for TV rights, FT reports
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November 18, 2014
05:26 EDTDISDisney Movies Anywhere now available through Walmart VUDU service
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November 17, 2014
10:10 EDTDISDreamWorks sinks, Hasbro rebounds after takeover talks reportedly end
Shares of movie maker DreamWorks (DWA) are tumbling after multiple media outlets reported that talks about a takeover of the company by Hasbro (HAS) had ended. WHAT'S NEW: Talks about an acquisition of DreamWorks by Hasbro have ended, multiple news outlets including The Wall Street Journal and Deadline reported over the weekend. However, Deadline, citing unnamed sources, reported that there's "still a slight chance" that the talks will resume. Hasbro's CEO and board visited DreamWorks' campus recently and a potential name for the combined entity - DreamWorks-Hasbro - was discussed, Deadline stated. Hasbro halted the talks because it became concerned about the negative reaction of its stock to reports about the discussions, Deadline added. Barron's weighed in on the issue over the weekend, writing that the deal "doesn't make sense economically." Partnering with DreamWorks would be logical for Habro, but buying DreamWorks would not be a good move for the toy maker, Barron's stated. DreamWorks' recent inability to create big hits or generate free cash makes it a poor takeover target for Hasbro, Barron's indicated. WHAT'S NOTABLE: In a note to investors on Thursday, Sterne Agee analyst Vasily Karasyov wrote that there is "no industrial logic" whatsoever to a combination of DreamWorks and Hasbro. Karasyov said there was no good reason for Hasbro to buy DreamWorks for $35 per share, the price that the movie maker was seeking, according to some reports. Karasyov predicted that the deal would not occur and kept a $17 price target and Underperform rating on the shares. Additionally, Piper Jaffray said the possible acquisition of DreamWorks Animation by Hasbro could have impacted the latter company's partnership with Disney (DIS). Piper thought buying a competing animation company could alter Disney's view of Hasbro as a partner. PRICE ACTION: In early trading, DreamWorks fell 15% to $22.08, while Hasbro gained 4.3% to $56.33.
07:09 EDTBTBT Group rules out sale of spin-off of Global Services unit, Telegraph reports
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06:35 EDTDIS'Dumb and Dumber To' takes first at the box office from 'Big Hero 6', WSJ says
Comcast (CMCSA) company Universal Pictures' "Dumb and Dumber To" brings in $38.1M at the box office, taking first away from Disney's (DIS) "Big Hero 6," which brought in $36M this weekend, reports the Wall Street Journal. "Big Hero 6" has a two week total of $111.7M in North America, the Journal adds. Reference Link

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