Between Amazon.com Inc’s US$8.5 billion acquisition of Metro-Goldwyn-Mayer and WarnerMedia’s US$130 billion merger with Discovery Inc, the recent rash of US media dealmaking has surely left European entertainment moguls ruing what might have been.
For five years, Europe’s biggest media companies have been seeking deals for the same reason that industry consolidation is accelerating in the US: They need more heft to compete effectively with streaming services Netflix Inc, Amazon Prime and The Walt Disney Co’s Disney+.
Those efforts have almost uniformly yielded no results. Vivendi SA, the French media conglomerate controlled by the billionaire Vincent Bollore, has repeatedly tried and failed
Apple needs to tap luxury car market
By Alex Webb / Bloomberg Opinion
If Apple Inc is going to make a success of its car project, it has to target the US$230 billion luxury auto market. Doing so might be the only way to keep investors happy.
However, displacing 125-year-old incumbents like Mercedes-Benz would not be straightforward.
The iPhone maker has reignited efforts to build its own vehicle, Reuters reported last month, although it is at least five years away from production, Bloomberg News revealed on Thursday.
Apple Inc CEO Tim Cook speaks in a special event at Apple Park in Cupertino, California, on Nov. 10 last year.