Tagged: Company coverage

Amazon takes over MGM

Amazon has bought MGM for $8.45 billion in a deal that will see the retail giant get access to an extensive film and TV show catalog to add to its Prime Video content. CNN’s...

AT&T talks media merger with Discovery

AT&T and Discovery are negotiating the spinoff of AT&T’s media business and its merger with Discovery Inc. Bloomberg’s Ed Hammond reported: AT&T Inc. is preparing to spin off its media business and merge it...

Peloton recalls all treadmills

Peloton is recalling all treadmills after one child died and numerous people were injured by the equipment. CNBC’s Lauren Thomas reported: Peloton announced Wednesday voluntary recalls of both its treadmill machines over safety concerns....

Google parent reports record profit

Alphabet, Google’s parent company, beat its own quarterly profit record in Q1, booking a 32% digital ad sales jump from a year ago. Reuters’ Paresh Dave and Subrat Patnaik reported: Google parent Alphabet Inc...