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DealBook Briefing: The Next Media Takeover War is Brian Roberts vs. Rupert Murdoch



What Mr. Roberts said in Comcast's Regulatory Statement, "We are already heavily represented in London, and Comcast intends to use Sky as a platform for our growth in Europe." (He later thanked a London taxi driver to persuade him to pursue the offer.)

Critique corner

• Paul Richards of media research firm Numis told the FT that Comcast had a "very strong rivalry offer" be.

• Alex DeGroote At Cenkos Securities, Bloomberg said, "The market expected a different approach and will be pleasantly surprised."

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Today's DealBook Briefing was written by Andrew Ross Sorkin in New York and Michael J. de la Merced and Amie Tsang in London

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Delta finds risks in the acquisition of NRA

The tweet of Lieutenant Gov Casey Cagle of Georgia, Deltas home state, shows that is not easy for business Those who find a balance between those who want American companies to do more gun control and those who think that conservatives are being grossly discredited.

By eliminating reduced tariffs for N.R.A. Members have roused the airline's Georgian Republican opposition to a lucrative tax break that only had significant support a few days ago.

Also in this category: FedEx offering its discounts for N.R.A. reserves. Members expressing their support for the ban on assault rifles for civilians.

As Matt Pearce of the LAT said, "It is becoming increasingly difficult to find neutral territory in America's raging gun control debate."

Elsewhere in Weapons and Money: If you have a 401 (k), you're probably invested in a weapons maker. An argument for Silicon Valley to promote smart gun tech. And Warren Buffett thinks Berkshire Hathaway is "ridiculous" for boycotting gunmakers.

The Policy Bypass

• Six Republican leaders in Congress say they are not planning to delve into Russian electoral intervention as part of their investigation into President Trump's finances. (CNN)

• The Supreme Court rejected the Trump Government's request to close down the DACA, while the lower courts are investigating the issue. (NYT)

• The European Commission will withdraw its lawsuit against Ireland for failing to reimburse $ 16 billion in unpaid taxes, but only if the country recovers the amount in full. (CNBC)

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Graham Walzer for the New York Times

Does Broadcom's bid to Qualcomm for reasons of national security fail?

The government panel, known as Cfius, which reviews contracts for national security reasons, has taken the rare step of considering a possible combination before chipmakers even negotiated a deal, Reuters reported, citing unnamed sources. Senator John Cornyn, Republican of Texas, urged the review.

If Cfius intervenes, it would dodge Broadcom's relocation of its headquarters to the United States, which critics said was partially aimed at preventing such a review. (Broadcom CEO, Hock Tan, said the redomiciling would happen, even if the deal did not go through.)

More from Diane Bartz of Reuters:

Part of the current concerns of CFIUS, which is reflected in Cornyn's letter, might be in the The fact is that Broadcom failed to make a deal with Qualcomm and resorted to a substantially hostile takeover by presenting six Broadcom candidates for the 11-member Qualcomm board.

More in the Chip Battle: Qualcomm says it's ready to talk further, but Broadcom called the mission "fake engagement." Qualcomm reportedly wants more than $ 90 a share; the current offer is $ 79 per share.

The deal flew over

• SoftBank Masa Son's investment decisions even confuse its own directors. Meanwhile, a senior SoftBank executive committee confirmed that the company weighed a spin-off of its Japanese mobile phone unit.

• Liberty Media has offered to invest $ 1.16 billion in iHeartMedia, the station for troubled radio broadcasts, after it reorganized its debt in the bankruptcy court. (WSJ)

• Microchip Technology is reportedly in advanced talks to buy its fellow chip maker Microsemi, whose market value was $ 7.5 billion yesterday. (WSJ)

• Glassdoor interviews banks to advise on an IPO. that could come in the second half of this year, say unnamed sources. (Bloomberg)

• The Legion Partners activist fund wants the retailer Genesco to sell more stores – or face a board fight, say unnamed sources. (Reuters)

• Why your investment banker may not be loyal, as in a lawsuit over the sale of Aruba Networks to H.P. (FT)

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Harvey Weinstein, co-founder of The Weinstein Company

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Alexander Koerner / Getty Images

"There is nothing better."

Larry Hutcher, a corporate lawyer with Davidoff Hutcher & Citron, said about the recent turmoil that thwarted the offer of an investor group to The Weinstein Company and led the contested studio to plan a corporate bankruptcy petition.

Brooks Barnes of the NYT watched as the deal fell apart, including investors' failure to hold talks with New York Attorney General Eric Schneiderman earlier in the process and the late launch of the studio's president, David Glasser.

More Corrupt Corporate Behavior: Expect New York officials at the Weinstein Company and Wynn Resorts to continue advocating change.

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Offices of the Anbang Insurance Group in Beijing

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Mark Schiefelbein / Associated Press

Acquisition of Anbang threatens to slow China's financial statements even further

Beijing's takeover of the troubled Anbang Insurance Group is yet another sign that the mogul business in this country is coming to a standstill. It is not just the fears of the Chinese government about spending by domestic companies, but also the increasing skepticism of officials in the United States and elsewhere.

More by Alexandra Stevenson of the NYT:

"Regulators, of course, will be slightly disturbed by reality Often there is an asymmetry in information about Chinese companies operating internationally," said Jeremy Stevens, economist of Standard Bank Group in Beijing , "This event underscores this truth," he added.

More about Anbang: Is China's takeover "too big to fail"? And expect Beijing to rescue other indebted Chinese companies.

The China Flyaround

Meet Liu He, the man President Xi Jinping calls warden of China's financial and industrial sectors. (WSJ)

• The HNA Group is building $ 3.2 billion worth of mutual funds to support China's one-belt one-road infrastructure campaign. (Bloomberg)

• Alibaba is negotiating the purchase of Ele.me, a startup for grocery deliveries, for a valuation of more than $ 9.5 billion, according to unspecified sources. (FT)

• Why the Daimler Works Council did not care that Geely became the car maker's biggest investor. (Bloomberg)

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Jeremy Allaire, Managing Director of Circle

Credit
Gretchen Ertl for the New York Times

How Circle tries to overcome the regulation of virtual currencies

Why does Circle reportedly buy the digital token exchange Polloniex for around $ 400 million? According to Nathaniel Popper of the NYT, it will be the first regulated digital money exchange in the US.

From His Must Read Twitter Thread :

Snack: The SEC informally informs Circle that regulators would "fail to enforce earlier activities" at Poloniex as long as Circle cleans up Poloniex and transforms it in a regulated stock market.

The SEC seems to say that it is okay if you break the rules as long as you are purchased by a legitimate player before we crack down on you. Avoiding the Virtual Currency

• Bitcoin never has 50 cents really heard. (The Blast)

• Venture capitalists should worry about missing first coin deals, according to Tim Draper. (The Information)

• BlackRock says investors who jump into digital money should be willing to lose everything. (CNBC)

• A man who claimed to have invented Bitcoin is accused of stealing assets in excess of $ 5 billion from the estate of a deceased colleague. (Bloomberg)

• Virtual currencies make divorce more difficult. (Bloomberg)

• JD.com of China has established an artificial intelligence and blockchain startup accelerator. (TechCrunch)

Revolving door

• G.E. has named three new directors – H. Lawrence Culp the former C.E.O. from Danaher; Thomas Horton the former C.E.O. from American Airlines; and Leslie Seidman the former chairman of the Financial Accounting Standards Board – how the conglomerate continues to work on its self-help plan. (WSJ)

• Rothschild Chairman David de Rothschild hands over the investment bank's leadership to his 37-year-old son Alexandre. (FT)

• Credit Suisse, Deutsche Bank, UBS and Barclays hired more staff in European Investment Banking last year before the turnaround. (FT)

Reading the Speed ​​

• Apple is preparing to establish a network of medical clinics for its employees and their families that could help test its broader healthcare ambitions. (FT)

• It also prepares to release three new smartphones this year: the biggest iPhone ever, an improved version of the iPhone X and a less expensive model. (Bloomberg)

• The California Department of Motor Vehicles said it is a requirement for autonomous vehicles to have a person in the driver's seat. (NYT)

• Netflix spends more on non-sporting content than any streaming provider and many traditional TV companies. (Recode)

• Hundreds of thousands of Puerto Ricans lack power more than five months after a hurricane hit the island, but the federal government has begun to reverse the number of electrical recovery contractors. (NYT)

• Businesses want to know how climate change could disrupt their operations, but as governments are slow to provide information, start-ups have tried to fill the gap. (NYT)

• JPMorgan said their female employees earn 99 percent of what male employees do in the UK, but the number is based on the bank's method to determine which pay is appropriate. (BloombergView)

• Goldman Sachs is considering a sale-leaseback of its new European headquarters in London. The building could be sold for more than $ 1.4 billion, according to unidentified sources. (Bloomberg)

• Deutsche Bank is expanding in Saudi Arabia and the United Arab Emirates as the lender expects government bonds and IPOs to drive business this year. (Bloomberg)

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