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Top related persons:
— CNBC's Alex Sherman - 4 Bob Chapek - 2 Bob Iger - 2 Richard Fairbank - 1 Byron Allen - 1 Allen - 1 hasn't - 1 Shari Redstone - 1
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U.S USA Altice USA Beverly Hills , California E.W
Top related orgs:
CNBC - 4 Disney - 3 Bloomberg - 2 Paramount - 2 Netflix - 2 Altice USA - 1 Communications - 1 Altice - 1

Search resuls for: "— CNBC's Alex Sherman"


7 mentions found


☆ Altice USA shares spike 50% on report Charter is considering acquisition
  + stars: | 2024-02-26 | by ( Jacob Pramuk | ) www.cnbc.com   time to read: +1 min
Altice USA shares spiked as much as about 50% on Monday following a report that Charter Communications is considering buying the broadband company. Charter is working with financial advisors as it considers whether it would make sense to buy Altice USA, Bloomberg reported Monday, citing people with knowledge of the matter. Charter declined to comment on the report, while Altice USA could not immediately be reached for comment. Altice USA shares had plunged more than 40% this year before their jump Monday, while Charter's stock has fallen about 25%. Altice USA owns brands led by broadband, TV and phone company Optimum.
Persons: — CNBC's Alex Sherman Organizations: Altice USA, Communications, Bloomberg, Altice Locations: USA, Altice USA
☆ Capital One’s acquisition has $1.4 billion breakup fee if rival bid emerges, but none if regulators kill deal
  + stars: | 2024-02-22 | by ( Hugh Son | ) www.cnbc.com   time to read: +2 min
Capital One 's blockbuster takeover proposal for Discover Financial includes a $1.38 billion breakup fee if Discover decides to go with another buyer, but no such fee if U.S. regulators kill the deal, people with knowledge of the matter told CNBC. Capital One said late Monday it had an agreement to purchase rival credit card player Discover in an all-stock transaction valued at $35.3 billion. Watchers of the Capital One agreement are taking particular interest in whether U.S. banking regulators will allow it to happen. Neither side will owe the other a breakup fee if regulators block the acquisition, which is said to be typical for bank deals. The deal happened after Capital One approached Discover, and didn't include a wide search for all possible bidders, according to one of the people.
Persons: Richard Fairbank, — CNBC's Alex Sherman Organizations: Discover Financial, CNBC, Capital, Discover, Mobile, U.S . Department of Justice, Regulators, Bank, Federal Reserve, Currency, The Justice
☆ Byron Allen, offering $14 billion for Paramount, has a long history of media bids that haven't materialized
  + stars: | 2024-01-31 | by ( Ryan Anastasio | ) www.cnbc.com   time to read: +4 min
Byron Allen, founder, chairman and CEO of the Allen Media Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Byron Allen, the media mogul offering $14 billion for Paramount Global , told CNBC on Wednesday that he has the money to finance a deal, despite skepticism around his deal-making. Allen told CNBC he hasn't received a response from Paramount to his most recent offer. Paramount reported in its third-quarter earnings report that its streaming platform, Paramount+, increased its subscriber count to 63 million. Allen told CNBC he wants to buy Paramount for its linear networks, what he says is the most challenging part of the company.
Persons: Byron Allen, Allen, hasn't, Shari Redstone, David Ellison's, Tegna Allen, of Famer Babe Ruth, Babe Ruth, Ruth, Paramount's, — CNBC's Alex Sherman, Julia Boorstin Organizations: Allen Media Group, Milken Institute Global Conference, Paramount Global, CNBC, Federal Communications Commission, Street, Paramount, CBS, Showtime, Nickelodeon, Media, Paramount Pictures, Warner Bros, Black Entertainment Television, VH1, Bloomberg, Scripps, ABC, Disney, National Football League's, The Weather, of Famer, Netflix, CNBC PRO Locations: Beverly Hills , California, U.S, E.W
☆ ESPN launches sportsbook in partnership with Penn Entertainment
  + stars: | 2023-08-08 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +3 min
Disney 's ESPN is launching a betting sportsbook, putting the sports entertainment unit deeper into the wagering world. U.S. gambling company Penn Entertainment said it is partnering with ESPN to rebrand and relaunch its sportsbook as ESPN Bet. ESPN Bet will take over Penn's Barstool Sportsbook and become ESPN's exclusive operation. As part of the deal, Penn will pay ESPN $1.5 billion in cash over the 10-year period. Correction: Penn Entertainment reported in February that its sports-betting business turned a profit in the final three months of the fiscal year.
Persons: Bob Chapek, Bob Iger, David Portnoy, Penn, Portnoy, — CNBC's Alex Sherman Organizations: Disney, ESPN, Penn Entertainment, ESPN Bet, Hulu, CNBC, Penn, Sports, Barstool Locations: U.S
☆ Disney extends CEO Bob Iger's contract through 2026, two years longer than planned
  + stars: | 2023-07-12 | by ( Sarah Whitten | ) www.cnbc.com   time to read: +5 min
The Walt Disney Company will extend CEO Bob Iger's deal by two years, extending his tenure through 2026. Iger returned to Disney in November, retaking the job from Bob Chapek, who was appointed CEO in early 2020. On four different occasions between 2013 and 2017, he extended his tenure as CEO after saying he planned to retire. Tune in: CNBC's David Faber will interview Disney CEO Bob Iger on CNBC's "Squawk Box" at 8 a.m. To that end, I'm writing to share that I have agreed to the Disney Board's request to remain CEO for an additional two years – through the end of 2026.
Persons: Bob Iger's, Iger, Bob Chapek, Iger's, CNBC's David Faber, Bob Iger, We've, we've, Christine McCarthy, Bob, Mark Parker, Read, I've, It's, Bob — CNBC's Alex Sherman, Kerry Caufield, David Faber Organizations: Walt Disney Company, CNBC, Disney, Netflix, Warner Bros . Discovery, Paramount, Pixar
☆ Netflix stock jumps 10% as it boasts ad-tier growth
  + stars: | 2023-05-18 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +2 min
Discovery highlighted their ad-supported streaming options at their presentations. Netflix saw its stock rise nearly 10% on Thursday soon after unveiling details about its new ad-supported tier that suggested the business model is starting to pay off. Netflix stock rallied on Thursday soon after the company offered new details about its ad-support streaming tier. Netflix launched its ad-based option in late 2022, following quarters of stagnating subscriber growth that sent its stock tumbling. The company posted mixed financial results in its most recent quarter, but said it added 1.75 million subscribers.
☆ Disney cuts metaverse division under Iger's restructuring
  + stars: | 2023-03-28 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +2 min
Disney is cutting its metaverse division as part of the layoffs set to begin this week, CNBC has confirmed. Disney, like most companies in 2021, hopped on the metaverse hype train after Facebook changed its name to Meta and outlined bold claims to create a new digital world. Chapek told employees in a memo at the time that White's task was "connecting the physical and digital worlds" for Disney entertainment. The cuts in the metaverse division were first reported by The Wall Street Journal. The job cuts will be cross-company, hitting Disney's media and distribution division, parks and resorts, and ESPN.
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