AT&T is preparing to merge media assets with Discovery
AT&T’s campus in El Segundo.
(Irfan Khan / Los Angeles Times)
By Ed Hammond
Print
AT&T Inc. is in talks to combine its media business with Discovery Inc. in a deal that would create a new entertainment giant, according to people with knowledge of the matter, a surprising move for a company that spent $85 billion to acquire the media assets less than three years ago.
A deal could be announced as soon as this week, said the people, who asked not to be identified because the information was private.
Scripps Networks Interactive (NYSE: SNI) is scheduled to report third-quarter 2011 results Thursday, November 3, after the markets close. In its previous report, the company ended a streak of three quarters of year-over-year profit growth when it fell short of consensus estimates. However, revenues. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
SINGAPORE, March 12 (Bloomberg): Openspace Ventures, backed by Temasek Holdings Pte, has closed its third Southeast Asia fund at US$200 million as the venture capital firm seeks to replicate its successes in startups across the region.
The amount boosts the Singapore-based firm’s total committed capital under management to US$425 million across three funds, co-founders Shane Chesson and Hian Goh said in an interview. Investors in the new fund include Germany’s DEG, Norway’s Norfund AS, U.S. asset manager 57 Stars LLC and Japan’s Mizuho Financial Group Inc.
Openspace was among the earliest investors in Gojek, the ride-hailing upstart that went on to become Indonesia’s most valuable unicorn, as well as Biofourmis Pte, which uses artificial intelligence to provide personalized care. The startup last year secured $100 million from backers led by SoftBank Group Corp., nearly tripling its valuation. Its first, $90 million fund has returned 35.3%, according to th