News Highlights: Top Company News of the Day
September 24 2018 - 5:15AM
Dow Jones News
Barrick, Randgold to Create Gold-Mining Giant With $18.3 Billion Merger
Barrick Gold agreed to buy Randgold Resources in an all-share
merger that will create the world's largest gold company worth $18
billion with a dominant position in Africa.
French Retailer Carrefour Denies Takeover Talks With Rival Casino
Casino Group said late Sunday its board had rejected entreaties
from Carrefour about a possible combination that would merge two of
France's best-known retail giants.
Comcast's Next Test on Sky: Convincing Investors
Having secured control of European pay-TV giant Sky PLC, Comcast
now must persuade investors that it didn't overpay and that the
deal will accelerate its growth.
Comcast's Sky-High Bid to Go Global
Comcast is offering a stratospheric price for Sky. To justify
its bid, Comcast will need to take the Sky streaming platform on a
risky offensive across Europe.
Sky Loss Is a Disappointment for Disney Ambitions
Walt Disney didn't win Sky as part of its acquisition of 21st
Century Fox assets, but the end to the unusual bidding war leaves
rival Comcast paying a sum that will benefit Disney as a minority
owner of the British pay-TV operator.
Sky Takeover Proves a Dream Trade for Hedge Funds
The bidding war for broadcaster Sky had already provided hedge
funds with one of their best trades of the year. This weekend's
dramatic auction made it even better.
WPP Considers Merger of Young & Rubicam and Digital Ad Firm VML
WPP's Chief Executive Mark Read is preparing to consolidate some
of the advertising giant's major properties, as traditional
agencies struggle to keep pace with the industry's digital
shift.
Dell to Interview Banks for IPO in Lieu of Tracking-Stock Acquisition
Dell Technologies Inc. is exploring the possibility of launching
a traditional IPO instead of going public through a proposed
acquisition that has met resistance from several investors.
Singapore Imposes Fines, Restrictions Over Uber-Grab Deal
The Competition and Consumer Commission of Singapore fined
ride-hailing firms Grab and Uber and imposed operating restrictions
on the former after ruling that a merger earlier this year was
anticompetitive.
Vox Media On Pace to Miss Revenue Target as Digital Advertising Disappoints
Digital publisher Vox Media is expected to miss its revenue goal
for this year by more than 15%, adding to the list of new-media
companies struggling to live up to lofty growth expectations.
(END) Dow Jones Newswires
September 24, 2018 05:00 ET (09:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.