1. Comcast Attempts to Steal Fox from Disney with All-Cash Deal
Disney bought CEO James Murdoch’s 21st Century Fox for $52 billion in December of 2017, however, Comcast has not given up on securing Fox as its own. Comcast is rumored to be preparing $60 billion for a new all-cash offer to Fox. Comcast’s aim is to acquire the same assets as Disney including Hulu, which all three companies hold 30% ownership. It is difficult to say how high the chances are for Fox to agree to Comcast’s deal, but the FCC has warned Comcast of conglomerating in the past as the largest home broadband network.
(Source: The Hustle)
2. UberAIR, Ridesharing for the Sky
Uber is constantly finding ways to shorten the time trips take due to far distances or traffic. Now, flying taxis in the form of electric vertical take-off and landing vehicles are close to reality. At Uber Elevate summit in LA, Uber revealed its plans to launch air taxis by 2023. The company is not limiting itself to transportation alone, hinting at food delivery services. The company states that UberAIR will be cheaper than owning a car. Dallas-Fort Worth and Frisco, Texas, Dubai and LA will be the first to receive aerial transit.
3. Tidal Fakes Streaming Numbers for Beyonce and Kanye West Albums
Music streaming app, Tidal, has been accused of lying about data for two albums– Lemonade by Beyonce, and The Life of Pablo by Kanye West. Tidal’s part-owner, Jay Z, is married to Beyonce and close friends with Kanye West which could explain the manipulation. By increasing the number of streamers for these albums, Tidal would have paid increased royalties to the artists’ record companies while jipping the other artists. Currently, Tidal is denying all the accusations.