AT&T is unwinding its biggest deal
AT&T just announced that it will combine its WarnerMedia division the home of HBO and CNN, built from its $85 billion takeover of Time Warner in 2016 with Discovery, which runs channels like HGTV and the Food Network. The announcement is a stark sign that the aggressive dealmaking that transformed AT&T into a debt-heavy conglomerate hasn’t paid off.
Offloading WarnerMedia would cap a reversal of deals worth hundreds of billions of dollars. Under Randall Stephenson, AT&T bought a slew of companies, including Time Warner and DirecTV, in the hopes of marrying an enormous content-creation machine with a broadband and satellite TV powerhouse. Those bets haven’t worked out, which led AT&T to sell a stake in DirecTV to TPG and its Crunchyroll streaming service to Sony earlier this year.
Original:
May 17, 2021
Stocks fell Monday as Wall Street came off a rough week driven by concerns over what effect rising inflation would have on the U.S. recovery.
A spike in COVID-19 cases, particularly in Thailand and Taiwan, dented sentiment.
The Dow Jones Industrial Average fell 145 points, or 0.42%, to 34,237, the S&P 500 declined 0.5% and the tech-heavy Nasdaq was down 0.73%. Stocks in the energy sector were Monday s best performer. After a bullish start to the month, it seems as though the bears gained the upper hand for most of last week as signs of inflation - real or perceived - rattled the market, said Chris Larkin, managing director of trading and investing product at E Trade. While tech is no doubt feeling some extra heat from inflation jitters, it’s a little early to start throwing around the wreck word.
Zensar Technologies to acquire M3bi, US-based digital engineering firm
Photo by Pok Rie from Pexels
RPG company Zensar Technologies said on Saturday it has entered into a definitive agreement to acquire M3bi, a Arizona-based data and digital engineering firm.
The acquisition will be completely funded by internal accruals. Zensar said the addition of M3bi reinforces its strategy focussing on areas of market opportunities to concentrate organisation resources, investments and alliances to deliver maximum business impact. In particular, M3bi will augment Zensar s thrust in data engineering, analytics, artificial intelligence, machine learning and advanced engineering services.
The acquisition will add marquee clients to Zensar s portfolio in banking, financial services and insurance (BFSI) and other verticals, allowing both companies to jointly drive an expanded set of offerings to global firms.
HelpSystems Buys Email Security Firm Agari To Thwart Phishing
HelpSystems says its acquisition of Foster City, Calif.-based Agari will help businesses detect, defend against, and respond to email attacks through the user of data sets, data science and cloud computing. By Michael Novinson May 13, 2021, 04:10 PM EDT
HelpSystems has purchased Agari to assist in protecting customers against phishing, business email compromise and other advanced email-based threats.
The Minneapolis-based software vendor said its acquisition of Foster City, Calif.-based Agari will help businesses detect, defend against, and respond to email attacks through the user of data sets, data science and cloud computing. HelpSystems said it has enhanced its data security suite this year through three acquisitions that help address today’s complex security environment and increased cybercrime.