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$NWSA and ASX-listed telecom company Telstra each own 50% of Foxtel, the largest pay-TV provider in Australia. Foxtel has about 2.8MM subscribing households throughout Australia as of June 30, 2015 through cable, satellite and IP distribution. Foxtel recorded revenues of $2.66Bil for FY15 and EBITDA of $760MM.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.