… Both companies face competition from AI image generators that provide fast and cheap media content on demand. The company’s board of directors “unanimously” voted to terminate the merger agreement on July 6th, “assuming no material change in the aforementioned circumstances” occurs before July 7th. …
… Ted Cruz R-TX and Maria Cantwell D-WA sent the chairman a joint letter admonishing him for allowing his staff to waive the regulations to let the merger pass, instead of having the full commission of political appointees — one from the Biden administration — vote on it. “Under these circumstances,”… …
… Post-merger, Roku would become the latest example of a moneyed Trump ally buying control of a massive part of the media ecosystem. …
… According to Iger, Disney came close to buying Twitter from cofounder Jack Dorsey “at a very attractive price,” sometime prior to Elon Musk buying the social media platform in 2022 and changing its name to X. …
… Media: https://www.youtube.com/watch?v=BJxvofIDBXc Media: https://www.youtube.com/watch?v=yWb7i3B AoA
… Though Comcast co-CEO Brian Roberts and Cavanagh told investors that the company’s split isn’t a setup for a merger or acquisition, it still seems like a possibility. …
… Ben Stiller, Joaquin Phoenix, Tiffany Haddish, Bryan Cranston, and Lin-Manuel Miranda are among the over 1,000 Hollywood professionals pushing back on the $110 billion deal that they say will “further consolidate an already concentrated media landscape:” We are deeply concerned by indications of su… …
… Social media is next. …
… While Elon Musk has settled his Twitter case with the SEC, nonprofit watchdog group Media Matters says the FTC has ended a “retaliatory” investigation about whether it worked with advertisers to boycott Elon Musk’s website: …the FTC ultimately submitted to a legally binding settlement agreement wit… …
… One of the reasons I ask about acquisitions is we live in a time of media mergers, like massive earth-shattering media mergers. …