News highlights for 7 May
REUTERS/Mike Blake/File Photo
Citi presents list of companies that are takeover targets for Apple (Walt Disney, others)
(Reuters) – Citigroup listed seven companies as potential takeover targets for Apple Inc, including Netflix, Walt Disney and Tesla Inc, as a way to put its cash hoard of more than $250 billion to work. Read more…
Billionaire Draper to participate in new digital currency
NEW YORK (Reuters) – Billionaire venture capitalist Tim Draper soon plans to take a step that even he, a long-time bitcoin aficionado, has eschewed to now: buying a new digital currency offered by a technology startup. Read more…
FCC’s Pai wants to get rid of rules that are a barrier to business
WASHINGTON (Reuters) – The head of the Federal Communications Commission, Ajit Pai, said on Friday that the agency is continuing a sweeping regulatory review, keen to adapt rules to the digital age and get rid of rules that he said are barriers to business. Read more…
Australian media shake up could open door for massive M&A activity
SYDNEY (Reuters) – Australia proposed scrapping media ownership restraints on Saturday which could raise huge interest among moguls looking for acquisitions, especially in its ailing, third-largest free-to-air television network, Ten Network Holdings. Read more…
Softbank leads shake up of India’s online e-commerce businesses
MUMBAI (Reuters) – After plowing about $2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan’s SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups. Read more…
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