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AT&T is An agreement is about to be reached People familiar with the matter said that just a few years after acquiring the owners of CNN, HBO and Warner Bros, they merged its content unit WarnerMedia with rival Discovery to create a media giant with an enterprise value of $150 billion.
Two people with direct knowledge of the matter said that AT&T’s board of directors met on Sunday to approve the transaction. Those familiar with the matter said the agreement between the two parties is expected to be announced in the next few days.
The merger will incorporate one of Hollywood’s most valuable catalogs-covering Warner Bros. film studios and television studios, the HBO network, and a combination of cable channels including CNN-together with Discovery, with Discovery targeting non-scripted cooking and The family’s new streaming media service has been successfully decorated and displayed.
After watching Netflix’s dominance in streaming media for many years, the world’s largest media and technology companies are seeking to fight back with their own services. In the past year and a half, Disney, Apple, WarnerMedia, Comcast, Discovery and other companies have launched streaming platforms to compete for the future of entertainment.
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In the news
Netanyahu says Hamas’ offense “takes time” Benjamin Netanyahu warned on Sunday Israel’s largest military offensive Despite the UN’s call for a ceasefire, it will still “take time” to deal with Hamas within seven years. So far 192 killed in GazaAccording to Palestinian health officials, 10 people were killed in Israel. Israeli air strikes Continue on Sunday. (Reuters Financial Times)
Axa’s Asian business suffers from ransomware attack The insurance group Axa stated that one of its Asian business units is “Targeted ransomware attacks”, A group of cybercriminals later claimed to have confiscated a large amount of sensitive data from the company. The attack affected operations in Thailand, Malaysia, Hong Kong and the Philippines.
The impact of the GFG alliance The Australian government is under increasing pressure Develop contingency plan If industrialist Sanjeev Gupta cannot obtain emergency funds to save the metal business with thousands of employees.The UK’s Serious Fraud Office announced on Friday Survey The Gupta Group is suspected of fraud and money laundering.
China landed the rover for the first time China’s state-owned tabloid “Global Times” reported that the lander and Mars rover of the Astronomy-1 probe Reach Mars on Saturday. The mission is designed to match the successful landing of the United States on the Red Planet.
As the fever subsided, Spacs lost the “pop” of trading The stock of the special purpose acquisition company is slide After the announcement of the acquisition, there was a clear reversal of enthusiasm for these vehicles earlier this year, which may threaten their ability to conduct transactions.
The organization related to the U.S. pipeline cyberattack said it was closed This Suspected to be Russian The cyber cartel was accused of ransomware attacks on U.S. pipelines and said it was Cease operationsAccording to cybersecurity researchers. People familiar with the matter said the news came after the colony pipeline company paid a ransom of nearly $5 million to hackers.
Credit Suisse (Credit Suisse) is under pressure to compensate Greensail to customers Decide whether Compensation for valued customers The losses caused by the collapse of the supply chain finance fund related to Greensill Capital are among the first major problems faced by the new chairman, António Horta-Osório, when cleaning up the bank. One. Credit Suisse faces the threat of several class-action lawsuits filed by angry investors.
One day in the future
Jimmy Lai appeared in Hong Kong court This Pro-democracy activists Will appear in court on charges related to him Participate in the 2019 protest.In addition, the Taiwan branch of the media tycoon Apple Daily said on Friday that it would Stop publishing its print version. (“Financial Times”, “Hong Kong Financial Review”, Reuters)
Covid restrictions relaxed Britain will allow indoor gatherings From MondayAlthough worried about the coronavirus variant that was first discovered in India.Many restrictions will also be rolled back SydneyIncluding mandatory masks in supermarkets, indoor events and public transportation. (European News, Yahoo News)
What are we still reading
Real estate developers still bet on the London office After the pandemic, offices will be much smaller than before, and at the same time, the increasing importance of reducing carbon emissions may make most corporate real estate in London obsolete.But the developer saw The future in modern flexible spaces.
If people can choose the days when they work at home and when they are in the office, many people will stay at home on Mondays and Fridays. This means trouble, Pilita Clark wrote.
How satellite monitoring becomes an ESG opportunity If investors ask about the environmental impact of pipelines, mines, power plants or factories, what better way to solve these problems with images of healthy vegetation captured and processed by private microsatellites? Ask Leo Lewis.
Can buildings discriminate against sex? One Barbican Exhibition Explored the architectural practice of the Matrix Feminist Design Cooperative, the first person to explicitly call himself feminism. The idea of ??feminist architecture is to creatively rethink the assumptions behind traditional architectural supply and design.
How the super-rich soak up Covid cash With the spread of the virus, the central bank injected US$9 billion into the global economy to maintain the stable development of the global economy. Much of this stimulus went to the financial markets, and from there into the net worth of the ultra-rich. Ruchir Sharma chart The rise of “good” and “bad” billionaires all around the world.
Elon Musk awakens Bitcoin’s fossil fuel problem Bitcoin’s carbon footprint is embarrassing, not only for Tesla, but also for millennial cryptocurrency investors who care about green issues. Is working hard to solve the carbon emission problem of cryptocurrency, Gillian Tett wrote.
Elon Musk’s involvement in Bitcoin raises the possibility of Tesla CEO Become the king In order for future cryptocurrencies to compete with Bitcoin or even replace Bitcoin, Richard Waters says.
Podcast of the day
Middle East crisis Gideon Rachman talks with Palestinian lawyer Diana Butto and Jerusalem-based journalist Noga Tarnopolsky Political conditions It sparked the worst fighting in the region in years.