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$LMCB said it will acquire Formula One, the iconic motorsports business, from a consortium of sellers led by CVC Capital for a consideration of cash and newly issued shares in $LMCK and a debt instrument exchangeable to shares of $LMCK. The deal price represents an enterprise value for Formula One of $8Bil and an equity value of $4.4Bil.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.