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$DISCA said it will invest $100MM in Group Nine Media, a new media holding company consisting of Thrillist Media Group, NowThis Media, The Dodo and Discovery’s digital network Seeker. Axel Springer will maintain its investment as the second largest shareholder in the company. Ben Lerer, CEO of Thrillist, will become CEO of Group Nine Media.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.