Tech News

Disney results jump on strong movie slate

Walt Disney Co.’s earnings for the latest quarter sailed passed expectations, boosted by a strong slate of movies such as “Incredibles 2” as the company moves toward closing its $71.3 billion deal to buy 21st Century Fox’s entertainment assets. Disney and other media companies are facing a shifting landscape as more TV watchers switch to […]

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CommScope, getting ready for 5G, spends $5.7B for Arris

Telecommunications equipment maker CommScope is paying $5.7 billion for Arris International as it prepares for the entrance of faster 5G service to the wireless market. Arris makes modems and boxes for the wireless industry, including cable operators. Equipment makers and telecommunications companies like Verizon are all gearing up for 5G, which is expected to allow […]

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EU approves Disney’s deal to buy Fox entertainment assets

European Union authorities say they have cleared Disney’s acquisition of Fox’s entertainment assets, provided Disney sells off some TV channels it controls in Europe to maintain competition. The EU’s executive Commission said Tuesday it gave its approval to the deal. Disney’s $71.3 billion deal to buy the 21st Century Fox assets, which include Marvel‘s X-Men […]

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Apple’s 4Q, change in iPhone sales disclosure jar investors

Apple’s faithful customers aren’t snapping up iPhones quite as enthusiastically as anticipated heading into the crucial holiday shopping season. But the latest models costing $1,000 and more are popular enough to keep propelling profits ever higher for the world’s most prosperous company. The mixed bag emerged in the quarterly results Apple released Thursday amid jitters […]

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Red Hat soar on IBM deal

Shares of Red Hat skyrocketed at the opening bell Monday after IBM, in the biggest acquisition of its 100-year history, acquired the software company. The $34 billion stock deal translates to $190 per Red Hat share — a 63 percent premium to the closing price Friday for the Raleigh, North Carolina company. Red Hat Inc.’s […]