China’s Tencent cautious after surge in quarterly profit

China’s Tencent cautious after surge in quarterly profit
HONG KONG (Reuters) – China’s Tencent Holdings (0700.HK), the world’s largest gaming company by revenue, warned on Wednesday of a difficult economic environment even as it reported a better-than-expected 35% jump in quarterly profit. FILE PHOTO: A Tencent sign is seen during the China Digital Entertainment Expo and Conference (ChinaJoy) in Shanghai, China August 3, 2018. REUTERS/Aly Song Growth in... Read More

Factbox: Merged CBS and Viacom aim to join U.S. media big league

Factbox: Merged CBS and Viacom aim to join U.S. media big league
(Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) on Tuesday reached a deal to reunite media mogul Sumner Redstone’s U.S. entertainment empire after 13 years apart. FILE PHOTO: The CBS broadcasting logo is seen outside the CBS Broadcast Center in Manhattan, New York, U.S., July 30, 2018. REUTERS/Shannon Stapleton/File Photo The deal brings together CBS television network, CBS News,... Read More

ViacomCBS is just the beginning of Shari Redstone’s media deals

ViacomCBS is just the beginning of Shari Redstone’s media deals
NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger. FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson/File Photo “We would want to look... Read More

CBS-Viacom is just the beginning of Shari Redstone’s media deals

CBS-Viacom is just the beginning of Shari Redstone’s media deals
NEW YORK (Reuters) – More than two months before CBS Corp (CBS.N) and Viacom Inc (VIAB.O) succeeded at a third attempt to recombine, controlling shareholder Shari Redstone had already decided the new company needed to get bigger. FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson/File Photo “We would want to look... Read More

CBS, Viacom agree to merge in all-stock deal

CBS, Viacom agree to merge in all-stock deal
FILE PHOTO: The Viacom office is seen in Hollywood, Los Angeles, California, April 24, 2018. REUTERS/Lucy Nicholson/File Photo (Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) agreed to merge on Tuesday, creating a company with more than $28 billion in revenue, as an increasingly competitive media landscape prompted their controlling shareholder to reunify the U.S. entertainment companies 13 years... Read More

CBS, Viacom reach agreement in principle: sources

CBS, Viacom reach agreement in principle: sources
FILE PHOTO: Sumner Redstone, executive chairman of Viacom Inc and CBS Corp, poses for a photo after answering questions at the Milken Institute Global Conference in Beverly Hills, California, U.S. May 2, 2012. REUTERS/Danny Moloshok/File Photo (Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) have reached an agreement in principle, sources familiar with the matter told Reuters on Tuesday,... Read More

CBS, Viacom seal merger deal: source

CBS, Viacom seal merger deal: source
FILE PHOTO: The CBS broadcasting logo is seen outside the CBS Broadcast Center in Manhattan, New York, U.S., July 30, 2018. REUTERS/Shannon Stapleton/File Photo (Reuters) – CBS Corp (CBS.N) and Viacom Inc (VIAB.O) have finalized their merger agreement, a source told Reuters on Tuesday, reunifying the U.S. entertainment companies after 13 years apart. Viacom shareholders will receive 0.59625 CBS shares... Read More

Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India

Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India
MUMBAI/COLOMBO (Reuters) – India’s Reliance Industries Ltd (RELI.NS) on Monday announced a partnership with Microsoft’s (MSFT.O) Azure cloud platform, in a move that deepens the offerings of its Jio telecoms unit while posing a direct challenge to rival cloud services providers such as Amazon.com (AMZN.O) and Alphabet’s Google (GOOGL.O). FILE PHOTO: A woman walks past a poster of Reliance Industries... Read More