Key PointsPresident Donald Trump said Saturday he has approved a deal in principle in which  and will partner with the viral video-sharing app TikTok in the U.S., allowing the popular app to ."I have given the deal my blessing — if they get it done that's great, if they don't that's okay too," Trump told reporters on the White House South Lawn before departing for North Carolina. "I approved the deal in concept."The U.S. Department of Commerce announced it would delay the prohibition of U.S. transactions with TikTok until next Sunday.Shortly after Trump's comments, Oracle...…Key PointsPresident Donald Trump said Saturday he has approved a deal in principle in which  and will partner with the viral video-sharing app TikTok in the U.S., allowing the popular app to ."I have given the deal my blessing — if they get it done that's great, if they don't that's okay too," Trump told reporters on the White House South Lawn before departing for North Carolina. "I approved the deal in concept."The U.S. Department of Commerce announced it would delay the prohibition of U.S. transactions with TikTok until next Sunday.Shortly after Trump's comments, Oracle...WW…

Key PointsThe purported plot of the streaming wars goes as follows: Sick of losing customers and relative market value to , big media transitioned their aging television-focused businesses to focus on subscription streaming services instead.There's no exact starting date for these "wars," but on Nov. 12, 2019, launched Disney+, kicking off traditional media's assault on Netflix.an hour agoa day agoa day agoSince then, 's HBO Max, NBCUniversal's , Paramount+, 's Discovery+ and ' AMC+ have all sprung to life as Netflix competitors.So who's been the big winner from all of this new...…Key PointsThe purported plot of the streaming wars goes as follows: Sick of losing customers and relative market value to , big media transitioned their aging television-focused businesses to focus on subscription streaming services instead.There's no exact starting date for these "wars," but on Nov. 12, 2019, launched Disney+, kicking off traditional media's assault on Netflix.an hour agoa day agoa day agoSince then, 's HBO Max, NBCUniversal's , Paramount+, 's Discovery+ and ' AMC+ have all sprung to life as Netflix competitors.So who's been the big winner from all of this new...WW…

Key PointsTwenty years ago, the United States for abusing its market power. Today, is empire building because the country's regulatory focus is on its biggest rivals.Microsoft it had acquired for $16 billion ($19.7 billion including net debt). The deal gives Microsoft a company that specializes in voice transcription and related artificial intelligence software. Nuance has a particular niche in health care, providing software to digitize conversations from doctor's visits and facilitate clinical documentation.The acquisition comes about a month after Microsoft ZeniMax, the parent company of...…Key PointsTwenty years ago, the United States for abusing its market power. Today, is empire building because the country's regulatory focus is on its biggest rivals.Microsoft it had acquired for $16 billion ($19.7 billion including net debt). The deal gives Microsoft a company that specializes in voice transcription and related artificial intelligence software. Nuance has a particular niche in health care, providing software to digitize conversations from doctor's visits and facilitate clinical documentation.The acquisition comes about a month after Microsoft ZeniMax, the parent company of...WW…

Key Points is in advanced talks to acquire speech-recognition company , a person familiar with the discussions told CNBC on Sunday. A transaction could be signed as early as Sunday and announced as soon as Monday, the person said.The plans illustrate Microsoft's recent efforts to expand through deals. Microsoft buying the U.S. operations of video-sharing app TikTok last year, and last month it the $7.5 billion acquisition of video game maker Zenimax.6 hours agoNuance would be more aligned with the part of Microsoft's business that serves businesses and governments. Nuance derives revenue by...…Key Points is in advanced talks to acquire speech-recognition company , a person familiar with the discussions told CNBC on Sunday. A transaction could be signed as early as Sunday and announced as soon as Monday, the person said.The plans illustrate Microsoft's recent efforts to expand through deals. Microsoft buying the U.S. operations of video-sharing app TikTok last year, and last month it the $7.5 billion acquisition of video game maker Zenimax.6 hours agoNuance would be more aligned with the part of Microsoft's business that serves businesses and governments. Nuance derives revenue by...WW…

Key PointsNFL finalizes new 11-year media rights deal, Amazon nabs Thursday night gamesThe National Football League has finalized its new 11-year media rights agreement with a pact that will run through 2033 and could be worth over $100 billion.The league announced Thursday it's renewing TV rights with all of its existing broadcast partners and adding Prime Video as an exclusive partner for its Thursday Night Football package. It's the first time a streaming service will carry a full package of games exclusively. Amazon is paying about $1 billion per year, according to people familiar with...…Key PointsNFL finalizes new 11-year media rights deal, Amazon nabs Thursday night gamesThe National Football League has finalized its new 11-year media rights agreement with a pact that will run through 2033 and could be worth over $100 billion.The league announced Thursday it's renewing TV rights with all of its existing broadcast partners and adding Prime Video as an exclusive partner for its Thursday Night Football package. It's the first time a streaming service will carry a full package of games exclusively. Amazon is paying about $1 billion per year, according to people familiar with...WW…

Key PointsThe National Football League wants to charge its current network partners double what they've been paying to broadcast games — but is pushing back, citing the high price tag for Monday Night Football.The NFL is in active discussions on renewal rates with all four of its existing network partners — NBC, CBS, Fox, and Disney-owned ESPN, according to people familiar with the matter. The NFL is hoping to get its primary package renewals completed by March 17, before the start of the new NFL league year, a day agoNBC, CBS and Fox are likely to accept increases closer to 100% than...…Key PointsThe National Football League wants to charge its current network partners double what they've been paying to broadcast games — but is pushing back, citing the high price tag for Monday Night Football.The NFL is in active discussions on renewal rates with all four of its existing network partners — NBC, CBS, Fox, and Disney-owned ESPN, according to people familiar with the matter. The NFL is hoping to get its primary package renewals completed by March 17, before the start of the new NFL league year, a day agoNBC, CBS and Fox are likely to accept increases closer to 100% than...WW…

Key PointsReddit is having a moment.The online network of communities has been thrust into the spotlight this week after a group of investors on its one of its forums -- WallStreetBets -- inspired a large group of retail investors to buy shares of GameStop, AMC and other heavily shorted companies. Shares soared, causing trading brokerage Robinhood to in certain equities, though it in a limited capacity.The Reddit community describes itself as "Like 4chan found a Bloomberg terminal illness." That's a precarious description these days. Donald Trump supporters used so-called "dark web" forums...…Key PointsReddit is having a moment.The online network of communities has been thrust into the spotlight this week after a group of investors on its one of its forums -- WallStreetBets -- inspired a large group of retail investors to buy shares of GameStop, AMC and other heavily shorted companies. Shares soared, causing trading brokerage Robinhood to in certain equities, though it in a limited capacity.The Reddit community describes itself as "Like 4chan found a Bloomberg terminal illness." That's a precarious description these days. Donald Trump supporters used so-called "dark web" forums...WW…

Key PointsIn this articleThe NBC Sports Network is shutting down.The network will stop operations by the end of 2021, a person familiar with the plan confirmed to CNBC. NBC will transfer its sports media rights, including the National Hockey League, to USA Network. The person spoke to CNBC on condition of anonymity as the individual isn't allowed to comment publicly on the matter. Both networks are owned by CNBC parent company NBCUniversal.a day agoThe plan to halt operations will allow NBC to attract more reach for its sports content. USA Network is available in 86 million homes, while...…Key PointsIn this articleThe NBC Sports Network is shutting down.The network will stop operations by the end of 2021, a person familiar with the plan confirmed to CNBC. NBC will transfer its sports media rights, including the National Hockey League, to USA Network. The person spoke to CNBC on condition of anonymity as the individual isn't allowed to comment publicly on the matter. Both networks are owned by CNBC parent company NBCUniversal.a day agoThe plan to halt operations will allow NBC to attract more reach for its sports content. USA Network is available in 86 million homes, while...WW…

Key PointsIn this articleTom Rogers breaks down Netflix's earningsNetflix said Tuesday it plans to be cash-flow neutral this year and cash-flow positive every year after 2021, and will no longer need external financing to fund its operations, ending a decade-long trend and vindicating investors who have plowed money into the company despite its cash-burning ways.Netflix also said it will consider share buybacks, a practice it hasn't done since 2011 — the last time the company was cash-flow positive. The announcement came as part of , where the company also announced EPS of $1.19 on revenues...…Key PointsIn this articleTom Rogers breaks down Netflix's earningsNetflix said Tuesday it plans to be cash-flow neutral this year and cash-flow positive every year after 2021, and will no longer need external financing to fund its operations, ending a decade-long trend and vindicating investors who have plowed money into the company despite its cash-burning ways.Netflix also said it will consider share buybacks, a practice it hasn't done since 2011 — the last time the company was cash-flow positive. The announcement came as part of , where the company also announced EPS of $1.19 on revenues...WW…

Apollo and Sony have sent a letter to the Paramount board expressing formal interest in doing a $26 billion takeover of the company. A Skydance consortium could hear from a Paramount special committee on a recommendation of next steps as soon as Thursday, according to people familiar with the matter. The expression of formal interest comes as David Ellison’s Skydance Media, backed by private equity firms RedBird Capital and KKR, awaits word from Paramount’s special committee on whether the panel will recommend its bid to acquire the company to controlling shareholder Shari...…Apollo and Sony have sent a letter to the Paramount board expressing formal interest in doing a $26 billion takeover of the company. A Skydance consortium could hear from a Paramount special committee on a recommendation of next steps as soon as Thursday, according to people familiar with the matter. The expression of formal interest comes as David Ellison’s Skydance Media, backed by private equity firms RedBird Capital and KKR, awaits word from Paramount’s special committee on whether the panel will recommend its bid to acquire the company to controlling shareholder Shari...WW…