Breakingviews Headlines

Breakingviews - Viewsroom: A Fox in the Mouse House

Disney’s $66 bln deal for the bulk of Rupert Murdoch’s entertainment empire is a reaction to the rapid rise of streaming-content providers like Netflix, and lets CEO Bob Iger delay retirement again. Elsewhere: the Democrats win in Alabama, and Chinese bike-sharing rides towards M&A.

Breakingviews - Review: Why Brexit will ultimately please nobody

It’s easy to forget that, until recently, Britain’s relationship with Europe was of little concern to most voters. A month before the 1997 general election, pollster Ipsos MORI asked Britons to name the issues that would decide which party they voted for. Less than a quarter mentioned the European Union. Its salience fell to 14 percent in 2001 and lingered in the single digits for more than a decade. So how did the 2016 referendum lead to the highest turnout in a

Breakingviews - Sunac lays foundation for better balance sheet

A chastened Tianjin-based property developer is laying the foundation to build a better balance sheet. Sunac China Holdings plans to raise $1 billion by selling discounted shares. Thanks to a 380 percent rise in the company's share price over the last 12 months, it's a good time to tap the market for cash. Given how aggressive Chairman Sun Hongbin has been, though, he probably will need to do so again.

Breakingviews - Exchange Podcast: NY Deputy Mayor Alicia Glen

How bad will the Republican tax plan be for New York City? Alicia Glen, who looks after economic development for America's largest city, says it will hit 700,000 taxpayers and depress property values. But it won't make the Big Apple any less appetizing for the best and brightest.

Breakingviews - Disney is Death Star for Europe’s telco media fad

Walt Disney is hovering like the Death Star over European telecom groups' media dreams. The likes of BT are investing in sports and other content to sell to their customers. With rival pay-TV group Sky soon to be owned by the maker of Star Wars movies, which feature the planet-destroying space station, some may be forced into retreat.

Breakingviews - Disney deal widens Murdoch legacy, erases discount

Walt Disney is expanding its Magic Kingdom to include the Murdoch empire. It is paying $52.4 billion in stock to own a slimmed-down Twenty-First Century Fox, including the movie studio and a 39 percent stake in Sky. It’s a historic deal for media mogul Rupert Murdoch – and it should erase the discount afflicting his long-suffering shareholders.

Breakingviews - South African gold giant throws Lonmin a lifeline

A South African giant has come to Lonmin’s rescue. Gold miner Sibanye-Stillwater has offered to buy the troubled platinum specialist for shares worth 246 mln pounds. The offer is far from generous when compared with available cost savings. But Lonmin’s financial woes and inability to raise equity make a share of a larger group look attractive.

Breakingviews - Tencent health push shows sneaking hubris symptoms

Tencent's healthcare push shows symptoms of hubris. China's $480 billion social-media and gaming giant has rapidly and quietly expanded into the sector, where apps linking patients to doctors and other health services are booming. The business opportunity helping upgrade the country’s inefficient medical system is real, but competition is fierce and online models are unproven. 

Breakingviews - Alabama voters put anger before economics

Alabama voters ended up putting their anger before economics. Democrat Doug Jones won the U.S. state’s Senate race on Tuesday in a stunning upset. Rival Roy Moore has unique troubles, but President Donald Trump’s approval has also fallen, despite Alabama’s decreasing jobless rate this year.

Breakingviews - Fox deal will test Disney’s chief Mouseketeer

Disney's chief Mouseketeer is about to face his biggest test. The $160 billion media conglomerate is close to striking a deal to acquire parts of Rupert Murdoch’s Fox empire, pegged at $60 billion by CNBC. Some are an odd fit and regulators may not like Disney expanding in sports and movies. Boss Bob Iger has his work cut out.