Business

Apollo affiliates to buy stake in Cox Media Group TV stations

Apollo Global Management affiliates will buy a majority stake in Cox Media Group’s broadcast TV stations, Cox announced Friday. Cox Enterprises will still maintain a minority stake. Apollo along with Cox will form a fresh company headquartered in Atlanta to operate the stations, according to the press Discharge, along with Apollo Funds will also acquire a majority stake in Cox’s ...

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Apollo affiliates to buy stake in Cox Media Group TV stations

Apollo Global Management affiliates will buy a majority stake in Cox Media Group’s broadcast TV stations, Cox announced Friday. Cox Enterprises will still maintain a minority stake. Apollo in addition to Cox will form a brand new company headquartered in Atlanta to operate the stations, according to the press Discharge, in addition to Apollo Funds will also acquire a majority ...

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Mattel has worst day in 20 years after undercutting estimates

Toymaker Mattel had its worst trading day in nearly 20 years on Friday after the company posted weaker-than-expected full-year 2019 guidance during an analyst meeting in brand new York. Shares of the company finished the day down more than 18 percent. The company said of which expects adjusted EBITDA to be in a range of $350 million to $400 million ...

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Uber sues fresh York City over license cap

Bloomberg | Bloomberg | Getty Images A driver uses an Uber Technologies car service app on a mobile device while driving in Washington, D.C. Uber sued fresh York City on Friday over the City Council’s vote last August to impose a year-long cap on fresh licenses for ride-hailing vehicles. Uber’s lawsuit seeks to reverse the cap in addition to allow ...

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The market’s ‘safe’ stocks might not be so safe anymore

The action in two key stocks — Coca-Cola as well as Cisco Systems — is actually telling CNBC’s Jim Cramer which the stocks people have long deemed to be “safe” investments might not be so safe anymore. “The message of today is actually simple: old-time safety can be illusory,” Cramer said as stocks fell on weak retail data. “The consumer ...

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Twilio, SendGrid CEOs say deal will help serve customers like Airbnb

Twilio’s $2 billion purchase of SendGrid will be a “one plus one equals 5” situation as the companies merge their operations to better serve their customers, SendGrid’s CEO told CNBC in a joint interview with the CEO of Twilio. “We believe companies like Airbnb along with the 140,000 some other … total companies which we serve in our Twilio family ...

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