BT and Sky strike deal to carry each other's channels


LONDON Britain's Sky and BT have agreed to supply their most popular channels to each other's platforms in a deal that eases the rivalry between two pay-TV giants facing new threats from the likes of Netflix and Amazon.

BP returns to solar with investment in Lightsource 15 Dec 2017

BP is getting back into solar power six years after its first, failed foray, with a $200 million investment in solar generator Lightsource that the oil and gas firm expects will deliver profits and deepen its foothold in renewable energy.

Disney buying Fox film, TV units for $52 billion in digital push 15 Dec 2017

Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock, giving the world's largest entertainment company an arsenal of shows and movies to combat growing digital rivals Netflix Inc and Amazon.com Inc. | Video

Fox's Star to bring Disney cash and cricket in India 15 Dec 2017

Walt Disney Co's deal with Twenty-First Century Fox Inc gives the world's best-known entertainment company new advantages in India, such as cricket rights and local-language TV shows for the fast-growing media market.

Westfield $16 billion Unibail-Rodamco sale rings the bell on retail's next chapter 13 Dec 2017

SYDNEY/MELBOURNE For investors in Australia's Westfield Corp, its $16 billion sale to European property giant Unibail-Rodamco may mark a turning point for a mall industry under pressure to reinvent itself amid fierce online competition.

Saudi Aramco signs $10.4 billion worth of MOUs with companies 13 Dec 2017

DAMMAM, Saudi Arabia Saudi Aramco signed on Wednesday agreements with foreign and local companies worth at least 39 billion riyals ($10.4 billion).

Europe's Unibail bids $16 billion for Westfield to counter online threat 13 Dec 2017

SYDNEY/MELBOURNE/PARIS Europe's biggest property firm Unibail-Rodamco is to buy U.S. and UK mall operator Westfield Corp for $16 billion, in a defensive move to create a global leader in a sector grappling with the online shopping challenge led by Amazon . | Video

Thai Beverage emerges as only bidder for large stake in Vietnam's Sabeco 12 Dec 2017

HANOI/SINGAPORE Thai Beverage, through a Vietnam unit, has emerged as the only bidder which has registered to own at least 25 percent of the nation's top brewer, Sabeco, in which the government is selling a $5-billion stake.

Exclusive: Comcast drops bid for Fox assets, leaving Disney in pole position 12 Dec 2017

Comcast Corp said on Monday it had abandoned its bid for most of the assets of Rupert Murdoch’s Twenty-First Century Fox Inc, leaving Walt Disney Co as the sole suitor in pursuit of the $40 billion-plus deal.

Zurich becomes Australia's biggest life insurer with $2.1 billion ANZ purchase 12 Dec 2017

ZURICH/SYDNEY Zurich Insurance has agreed to buy Australia and New Zealand Banking Group's life insurance arm for A$2.85 billion ($2.1 billion), its biggest foray into Australia and its third in the last two years.