Why Burger King's Claims That Its Tim Hortons Deal Isn't About Taxes Aren't Entirely True
Daniel Schwartz, Burger King's CEO, repeatedly said that tax savings from the deal were minimal and not a driver of the deal. But while that may be true today, the more the company grows overseas, the better deal it gets from being Canadian.
Seth Meyers Is Unhappy With His Cable Company, Which Will Soon Be Part Of His Parent Company
Of being a Time Warner Cable subscriber, Seth Meyers said, "It's not great, I don't love it." His comments came during an interview with BuzzFeed CEO Jonah Peretti as part of BuzzFeed Brews with CBS This Morning.
Fox To Time Warner: We Are Done
One day after withdrawing their offer to buy Time Warner, Rupert Murdoch and top deputy Chase Carey made clear they have moved on from the deal. In making those comments, which came as Fox reported fiscal fourth quarter 2014 earnings, the company puts the pressure squarely on Time Warner CEO Jeff Bewkes to perform.
Two Billion Dollar Vice
In a bid to buy both cool and a digital media presence, Time Warner is reportedly talking to Vice Media about a deal. The details are murky, but could involve Time Warner infusing Vice with up to $1 billion in cash and spinning off its HLN cable news network. The reports, which value Vice at around $2 billion, follow Time Warner's spin off of its legacy magazine unit, Time Inc.
Dialing For Dollars
Multiple news outlets reported Monday that AT&T is closing in on a deal to acquire DirecTV, the nation's largest satellite TV operator, for $50 billion. The potential deal comes after years of on-again, off-again negotiations between the two companies and follows the impending $45.2 billion merger of Comcast and Time Warner Cable.
After being usurped by Comcast to acquire all of Time Warner Cable, Charter Communications managed to save face by inking a deal to buy and swap some cable systems with Comcast in a complex, three-step, roughly $20 billion deal. As a result, Charter, whose biggest shareholder is cable industry pioneer John Malone, will become the second-largest cable distributor in the country, trailing only the combined Comcast-Time Warner Cable.
How Does $130 Billion Sound
Verizon, the company behind the ubiquitous "Can you hear me now" commercials, agreed to pay $130 billion to buy out partner Vodafone Group's stake in its U.S. wireless business.The deal, which ranks as the third-largest in corporate history, ends an often tense 14-year partnership between Verizon, led by CEO Lowell McAdam, and Britain's Vodafone.