Comcast outbids Fox with $39 billion takeover of Sky

Comcast beat Rupert Murdoch’s Twenty-First Century Fox in the auction battle for Sky with an offer of around $39 billion. Comcast’s final offer was significantly higher than its bid going into the auction of 14.75 pounds, and compares with Sky’s closing share price of 15.85 pounds on Friday. LONDON (Reuters) – Comcast beat Rupert Murdoch’s […]

Google CEO Sundar Pichai warns employees: Don’t get too political, or else (GOOG, GOOGL)

In a memo to employees, Google CEO Sundar Pichai warned that there will be consequences if they let politics get in the way of the work. Google is under increasing political pressure from President Donald Trump and his allies, which has accused the search giant of being biased against conservatives. The White House is considering […]

The White House is considering an an antitrust investigation into ‘online platform bias’ at Google and Facebook

The proposed executive order would ask federal law enforcement to “thoroughly investigate whether any online platform has acted in violation of the antitrust laws,” to “protect competition among online platforms and address online platform bias.” President Trump has previously said, “Social Media is totally discriminating against Republican/Conservative voices.” He has also stated, wrongly, that Google […]

BANK OF AMERICA: Here’s how to protect yourself from getting blindsided by the outcome of Trump’s trade war that many aren’t prepared for

The US and China this week escalated their trade dispute that has sent investors fleeing from risky emerging-market assets. According to Bank of America Merrill Lynch’s cross-asset strategists, investors are only positioned for one outcome of the trade war. They outlined why investor fears may be overblown, and a few of their hedges in case […]