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With ‘sticky’ customers, more payments processors may combine for growth

July 5, 2017 By David Henry and Anna Irrera NEW YORK (Reuters) – In the world of financial technology, where startups are the focus of M&A chatter, a $10 billion combination of two back-office processors whose roots date to the 1970s might seem unusual. But Vantiv Inc’s plan to acquire Worldpay Group PLC shows that the sheer size of some legacy players – and the inertia of their customers – makes them more interested in buying one another than newer rivals, bankers and analysts said. The two companies facilitate payments…

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Twenty-First Century Fox revenue misses as cable, film units drag

May 10, 2017 (Reuters) – Twenty-First Century Fox Inc , the television and film company controlled by Rupert Murdoch, reported quarterly revenue that missed analysts’ estimates, weighed down by flat U.S. ad revenue in its cable business and fewer box-office hits. Shares of the company, which is in midst of a $14.5 billion bid to take control of UK-based pay-TV group Sky Plc , fell nearly 4 percent in extended trading on Wednesday. “We remain confident the proposed transaction will be approved by the end of the calendar year following…

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T-Mobile, Dish bid combined $14 billion in U.S. airwaves auction: FCC

April 13, 2017 By David Shepardson and Anjali Athavaley NEW YORK (Reuters) – T-Mobile US Inc bid $8 billion and Dish Network Corp $6.2 billion to win the bulk of broadcast airwaves spectrum for sale in a government auction, the U.S. Federal Communications Commission said on Thursday. The two carriers accounted for most of the $19.8 billion in winning bids, the FCC said. Comcast Corp agreed to acquire $1.7 billion in spectrum, AT&T Inc bid $910 million and investment firm Columbia Capital offered $1 billion. The FCC said 175 broadcast…

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YouTube tweaks ad strategy to curb content stealing

April 6, 2017 (Reuters) – Alphabet Inc’s YouTube said on Thursday it would place ads on channels only if they reach 10,000 views as it tries to weed out people who make money on the site by stealing content from other sources. The video streaming service also said once a video channel crosses the threshold, it would review the content to see if it qualifies for the placement of ads. ( “By keeping the threshold to 10k views, we also ensure that there will be minimal impact on our aspiring…

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