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Oracle Corp’s (NYSE: ORCL)...

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15%...

RTX Corp (NYSE: RTX)...

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03...

GameStop Corp. (NYSE:GME) Quarter...

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after...

Advanced Micro Devices (NASDAQ:AMD)...

Shares of Advanced Micro Devices (NASDAQ:AMD) drops 0.38% in afterhours in last trading...
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Walt Disney Co (NYSE:DIS) Intends To Merge Hulu and Disney Plus Services

Chief Executive Officer of Walt Disney Co (NYSE:DIS), Co. Bob Chapek is intending merging the Hulu streaming service with Disney+, offering a single online option for watching the company’s movies and TV series in the United States. Walt Disney Co (DIS) listed in gainers’ list in latest trading session, shares slightly up by 0.66% or $0.74 change in price at $112.50.

The executive, speaking at Goldman Sachs Group Inc.’s telecom and media conference on Wednesday, said Disney+ currently delivers shows for adult audiences outside of the US through its Star brand, and the business is introducing more broad entertainment to the Disney+ service domestically.

The executive, speaking at Goldman Sachs Group Inc.’s telecom and media conference on Wednesday, said Disney+ currently delivers shows for adult audiences outside of the US through its Star brand, and the business is introducing more broad entertainment to the Disney+ service domestically.

Any merger of Hulu and Disney+ would necessitate the corporation purchasing Comcast Corp.’s one-third stake in Hulu. The two businesses have an agreement in place for Disney to purchase Comcast’s interest in 2024, with parameters that value the entire company at a minimum of $27.5 billion. Chapek stated that he would like to buy that interest as quickly as possible.

According to Chapek, Disney aims to combine data from both TV consumption and theme park visits to build a more comprehensive connection with customers. In the United States, the firm also provides the ESPN+ streaming service for sports lovers.

Later at the same conference, Comcast CEO Brian Roberts stated that if Hulu was for sale, he would be interested in purchasing it. He also stated that if Hulu was auctioned off, Comcast may earn a better price for its stake. According to their agreement, the worth of Hulu will be determined by impartial specialists.

Oracle Corp’s (NYSE: ORCL) Cloud Business Faces Headwinds: What Lies Ahead

Oracle Corp (NYSE: ORCL) falls down to its knees, share dropped over 12.15% or $15.21 to trade at $111.50 in pre trading session on...

RTX Corp (NYSE: RTX) Updates 2023-2025 Outlook amid Engine Part Challenge

RTX Corp (NYSE: RTX) experienced a notable decline of -7.22%, amounting to $6.03 per share, bringing its current trading price to $77.45. The company,...

GameStop Corp. (NYSE:GME) Quarter Report: Resilience amidst Market Turbulence

GameStop Corp. (NYSE: GME) to announce its second quarter fiscal 2023 results after the market closes today. Shares were slightly down in the pre-trading...

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Alphabet Inc. (NASDAQ: GOOGL) In Talks to Reduce European IT Jobs After ‘Disastrous’ Layoffs

Shares of Alphabet Inc. (NASDAQ: GOOGL) inches down in pre session on Thursday after big American IT businesses are suddenly discovering how hard it is to decrease personnel in Europe after announcing the greatest rounds of layoffs in their...

Apple Inc. (NASDAQ: AAPL) Unveils Appearance of Its First Retail Location in India

Shares of Apple Inc. (NASDAQ: AAPL) inches down in afterhours trading as many people rushed to get a glance of the store's black and yellow artwork, which was modeled after Mumbai's famous cabs, as the company unveiled the appearance...

Credit Suisse (NYSE: CS) and UBS Group AG (NYSE: UBS) In Flux after Probe into Credit Suisse Acquisition

Credit Suisse (NYSE: CS) and UBS Group AG (NYSE: UBS) shares revamp its position on Tuesday from previous session following the emergency merger of the two lenders was the subject of an inquiry by Switzerland's federal prosecutor. The prosecutor has...

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