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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
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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
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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
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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
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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
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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
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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
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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
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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
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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