Deals
Fox Strikes $14.6 Billion Deal With Sky
After a failed attempt to buy Sky in 2010, Fox moved again to acquire 61% of the company through a $14.6 billion deal. The deal, however, faced opposition over concerns of potential over-concentration of power since Rupert Murdoch also owns stakes in other firms in the U.K.
Verizon Demands Better Deal Terms After Yahoo’s Widescale Breach
Yahoo is under renewed scrutiny after its second disclosure of breach within this year. The major hacking incidents the company has been involved in puts a risk on its deal with Verizon. Although Verizon has not confirmed any plans of ditching the purchase, reports indicated that the company is demanding for better deal terms for the acquisition.
Post Yahoo's Latest Historic Hack, Verizon Demands A Better Deal
Verizon is said to have threatened to go to court to get out of the deal if it is not repriced. Yahoo YHOO -6. 11% came under renewed scrutiny by federal investigators and lawmakers on Thursday after disclosing the largest known data breach in history, prompting Verizon Communications VZ 0.
Ukraine Applauses EU On Securing Association Deal
Ukraine commends EU step to secure association deal Petro Poroshenko, Ukraine President on Friday praised a European Union decision which paves the way for final agreement on a cooperation accord between Ukraine and the bloc.