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In July 2015, $FOXA invested about $150MM in cash for a minority equity interest in DraftKings, Inc. $FOXA accounts for this investment at cost. Contemporaneous with the investment, DraftKings committed to spend a minimum of $250MM for media placements on $FOXA's properties through Dec. 2017.
$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.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?