Simon & Schuster to let sale to Penguin fall apart, sources say

Simon & Schuster to let sale to Penguin fall apart, sources say

NEW YORK, Nov 20 (Reuters) – Book-publishing powerhouse Simon & Schuster will let its $2.2 billion sale to Penguin Random House collapse on Monday, opening the door for a new suitor to try to clinch a deal, according to people familiar with the matter. The acquisition was blocked on Nov. 1 by a federal judge … Read more

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW), , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC up more than 6% in Taiwan on Tuesday, as it boosted investor sentiment … Read more

Penguin, Simon & Schuster merger blocked over impact on authors – U.S. judge

Penguin, Simon & Schuster merger blocked over impact on authors – U.S. judge

WASHINGTON, Nov 7 (Reuters) – A U.S. judge cited negative impacts on top-selling authors in blocking a planned $2.2 billion merger of Penguin Random House, the world’s largest book publisher, and rival Simon & Schuster, according to a written opinion released Monday. Judge Florence Pan of the U.S. District Court for the District of Columbia … Read more

Rupert Murdoch considers combining Fox, News Corp

Rupert Murdoch considers combining Fox, News Corp

Oct 14 (Reuters) – Rupert Murdoch has started a process that could reunite his media empire, News Corp (NWSA.O) and Fox Corp (FOXA.O) disclosed on Friday, saying they would consider combining at his behest, nearly a decade after the companies split. Both have formed special committees to review proposals of a potential combination, they said. … Read more

Westinghouse to be sold in $7.9-bln deal as interest in nuclear power grows

Westinghouse to be sold in $7.9-bln deal as interest in nuclear power grows

Oct 11 (Reuters) – Cameco Corp (CCO.TO) and Brookfield Renewable Partners said on Tuesday they would acquire nuclear power plant equipment maker Westinghouse Electric in a $7.9-billion deal including debt, amid renewed interest in nuclear energy. The deal for one of the most storied names in the American power industry at an equity value of … Read more

Taiwan launches English language TV channel to give it more international punch

Taiwan launches English language TV channel to give it more international punch

TAIPEI, Oct 3 (Reuters) – Taiwan launched its first English-language news, lifestyle and entertainment television channel on Monday to give it a bigger voice internationally at a time China when is squeezing the island’s footprint and seeking to assert sovereignty. The government-backed TaiwanPlus began operations last year as a mostly online streaming platform and has … Read more

Meloni tipped to be prime minister as Italians vote

Meloni tipped to be prime minister as Italians vote

Register now for FREE unlimited access to Reuters.com Register Italians expected to elect right-wing alliance Meloni would be country’s first woman prime minister Early vote follows collapse of Draghi government ROME, Sept 25 (Reuters) – Italians were voting on Sunday in an election that is forecast to return the country’s most right-wing government since World … Read more

Indian billionaire Adani seeks to control NDTV; media group says move without consent

Indian billionaire Adani seeks to control NDTV; media group says move without consent

India’s richest man, Adani, seeks to expand media business NDTV says Adani unit moved without its consent Adani takeover may not be friendly -legal expert Deal to buy NDTV could heat up competition among billionaires BENGALURU, Aug 23 (Reuters) – Indian billionaire Gautam Adani’s conglomerate on Tuesday said it seeks to control a majority stake … Read more

U.S. asks judge to block book publisher merger as trial closes

U.S. asks judge to block book publisher merger as trial closes

The crest of the United States Department of Justice (DOJ) is seen at their headquarters in Washington, D.C., U.S. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 19 (Reuters) – The U.S. Justice Department on Friday urged a U.S. judge to block a $2.2 billion merger of two of the … Read more

Disney tops Netflix on streaming subscribers, sets higher prices

Disney tops Netflix on streaming subscribers, sets higher prices

LOS ANGELES, Aug 10 (Reuters) – Walt Disney Co (DIS.N) edged past Netflix Inc (NFLX.O) with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials. The media giant will raise the monthly cost of Disney+ without advertising by 38% to … Read more