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Stock Market & Financial Investment News

News For NFLX;GOOG;AMZN;DIS;NWSA;CMCSA;TWX From The Last 14 Days
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September 30, 2014
09:10 EDTNWSAOn The Fly: Pre-market Movers
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08:59 EDTNWSANews Corp. sees Move, Inc. deal 'modestly accretive' in short term
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08:52 EDTNWSANews Corp. sees Move, Inc. deal to close in 2Q15
News Corp (NWSA) believes Move, Inc. (MOVE) is in a unique position and holds an important role for the company to expand in the digital real estate industry. Says this is the most significant acquisition the company has made since launching as a separate company last summer. Says this acquisition allows the company to stay committed to returning capital to shareholders. Says believes that Move Inc.'s strategy is different that that of Trulia (TRLA) and Zillow (Z). Says expects that the transaction will be very modestly EPS valued in the short term. News Corp continues to expect to generate positive cash flow regardless of the acquisition. Says Move, Inc. will improve and enhance the core media assets of News Corp. Comments made during a conference call discussing News Corp's acquisition of Move, Inc.
08:05 EDTGOOGeBay could be worth $62/share on sum-of-the-parts, says Piper Jaffray
Piper Jaffray says it still estimates the total valuation of eBay's two divisions at around $62 per share on a sum-of-the-parts basis. Piper believes Marketplace could be more attractive as an acquisition candidate post separation, which it notes investors have been thinking about since the Alibaba (BABA) IPO. The firm thinks competition from Apple Pay (AAPL) and Google Wallet (GOOG) will likely add some uncertainty to PayPal’s standalone valuation. Piper has a Neutral rating on eBay. The stock is up 9% to $57.25 after announcing it will spin off PayPal into a separate publicly traded company.
07:45 EDTGOOGGoogle introducing new mobile ad types, Ad Age reports
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06:56 EDTGOOG, NFLXGoogle, Netflix hindered from TV review by CRTC, Bloomberg says
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06:42 EDTNFLXMovie sequel to be released directly to Netflix, NY Times reports
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06:34 EDTNWSANews Corp to acquire Move, Inc. for $21 per share, or approximately $950M
News Corp and Move, Inc. announced that News Corp has agreed to acquire Move. REA Group Limited, which is 61.6% owned by News Corp and is the operator of Australian residential property website, realestate.com.au, plans to hold a 20% stake in Move with 80% held by News Corp. Under the acquisition agreement, which has been unanimously approved by the board of Move, News Corp will acquire all the outstanding shares of Move for $21 per share, or approximately $950M, via an all-cash tender offer. This represents a premium of 37% over Move’s closing stock price on September 29, 2014. REA’s share will be acquired for approximately $200M. News Corp intends to commence a tender offer for all of the shares of common stock of Move within 10 business days, followed by a merger to acquire any untendered shares. News Corp. CEO Robert Thomson said, "In addition to boosting Move’s subscription, advertising and software services, this acquisition will give News Corp a significant marketing platform for our media assets, which will benefit from the high-quality geographic data generated by real estate searches. We certainly expect this deal to amount to far more than the sum of the parts.” For the year ended December 31, 2013, Move reported $227M in revenues, and $29M in adjusted EBITDA5, and generated the highest revenue per unique user in the industry. Move will become an operating business of News Corp and remain headquartered in San Jose, California.
06:32 EDTNWSANews Corp to acquire Move, Inc. for $21 per share, or approximately $950M
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06:28 EDTTWXAs DreamWorks talks slow, Softbank mulls Legendary, Hollywood Reporter says
Even though Softbank (SFTBF) has slowed its deal discussions with DreamWorks Animation (DWA), it is looking to make an investment in Thomas Tull's Legendary Pictures studio, according to the Hollywood Reporter, citing sources. The sources said that the Japanese company has been talking with Legendary for several weeks. Legendary has co-financed films with Time Warner's (TWX) Warner Bros Entertainment. Reference Link
06:25 EDTTWX, CMCSA, DISFCC asks media companies for Comcast contract details, WSJ reports
The FCC is pushing for media companies to submit details of their programming agreements with Comcast (CMCSA) ahead of the company's merger with Time Warner Cable (TWC), reports the Wall Street Journal. Citing a person familiar with the matter, the FCC believes the documents contain information that would be relevant in its review. Officials from media companies including CBS (CBS), 21st Century Fox (FOXA), Disney (DIS), Discovery (DISCA), Time Warner (TWX) and Viacom (VIA;VIAB) met with FCC staff earlier this month to voice concerns about releasing highly confidential materials. Reference Link
06:04 EDTGOOGGoogle rivals launch 'Focus on the User' site
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September 29, 2014
16:54 EDTNFLXNetflix in talks on feature film with Weinstein Co., Bloomberg says
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13:33 EDTDISSinclair Broadcast enters into long-term affiliation agreements with ABC
Sinclair Broadcast (SBGI) announced that it has entered into long-term agreements with Disney's (DIS) American Broadcasting Company for the renewal of the ABC affiliations in 13 Sinclair markets that come up for renewal during 2014 and 2015. Three of the new agreements will expire on August 31, 2019 and the other 11 will expire on August 31, 2020. The markets being renewed are listed below and include six of Sinclair's ten biggest ABC markets, including five of the top six ABC markets. The company's remaining ABC affiliation agreements do not expire for several years. The company said, "We are pleased to have reached this agreement with ABC to renew these affiliation agreements for 5-year terms including a number of agreements that were not set to expire until 2015."
13:30 EDTGOOGGoogle Capital invests in InnoLight Technology, WSJ reports
Google Capital has made an investment in InnoLight Technology, a Chinese manufacturer of high-speed optical transceivers that are used by computer servers, the Wall Street Journal reports. Google co-led a Series C round totaling $38M with Lightspeed China Partners, the publication says, marking Google Capital's first investment in China. Reference Link
13:15 EDTGOOGGoogle, Adobe announce Creative Cloud for Chromebooks
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11:40 EDTNFLXOptions with increasing implied volatility
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09:38 EDTGOOGGoogle unveils new mobile-focused display ad formats
Google says on its blog that "We’re excited to announce that over the coming months we will launch several mobile display ad formats and tools across the Google Display Network, the AdMob Network and DoubleClick that will make it easier for advertisers to build successful ads that work across screens." Reference Link
09:37 EDTNFLXActive equity options trading on open
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09:08 EDTGOOGTremor Video partners with programmatic demand partners
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