It is 8 00am in singapore, midnight in london, and ii 00pm in los angeles, where one of the biggest media deals in history will reshape the world of entertainment. Walt disney is buying a large part of 21st century fox, the business controlled by Rupert Murdoch and his family. It is worth more than 50 billion, and the deal could see new films and tv shows reaching homes in asia. Our media editor amol rajan reports. When Rupert Murdoch bought the news of the world in 1968, he was an outsider. But this canny australian with news in his veins made his way to the heart of the establishment in both britain and america, wielding extraordinary influence. From his base in tabloid newspapers, he moved aggressively into film and television, owning studios and networks that entertained hundreds of millions of people. But now, fox has become a division of disney. Ina in a phone call, he explained his strategy. I know people are asking how we came to such a momentous decision. We are pivoting at a
Its 9am in singapore, 1am in london and 5pm in los angeles where one of the biggest media deals in history will reshape the world of entertainment. Walt disney is buying a large part of 21st century fox, the business controlled by Rupert Murdoch and his family. Its worth more than 50 billion, and the deal could see new films and tv shows reaching homes in asia. Our media editor amol rajan reports. When Rupert Murdoch bought the news of the world in 1968, he was an outsider. But this canny australian with news in his veins made his way to the heart of the establishment in both britain and america, wielding extraordinary influence. From his base in tabloid newspapers, he moved aggressively into film and television, owning studios and networks that entertained hundreds of millions of people. But now, fox has become a division of disney. In a phone call, he explained his strategy. I know people are asking why the murdochs came to such a momentous decision. We are pivoting at a pivotal mome
Your watch list. Power lunch starts right now. Let it go, let it go i am one with the wind and sky all right. Welcome to power lunch, everybody pap bit of a disney phied power lunch if i do say so im Tyler Mathisen stocks struggling for gains. The dow hit an interday record high, if it stays positive, ever so slightly negative now, dow up a sixth straight day i know you want to know about bitcoin. You want to know how its trading. Right . It is up on the bit stamp exchange, that could change, of course, before i finish speaking or we hit our first commercial break. Twitter on a tear, stock soaring to a oneyear high promise me, youll see it in a second in respect it is. Theres twitter going up up 93 or about 4. 5 . No major reason. Just twittering. Its twittering. Retail also rallying best buy, new alltime highs there. Michael kors highest record in two years and lululemon, oneyear high. Nike, tiffany also at new highs. Begin the hour, tyler, with a huge deal of the day, probably the ye