* Verizon Communications Inc. is seeking a discount of $1 billion on its deal to acquire Yahoo! Inc. for about $4.83 billion following a disclosure about a 2014 cyberattack, the New York Post reports. While Yahoo's deal team is trying to resist the price cut, a source said AOL CEO Tim Armstrong is "pretty upset about the lack of disclosure," and has been pushing for the reduction.
* Snap Inc., previously called Snapchat, is considering going public via an initial public offering that could value the messaging company at $25 billion or more, The Wall Street Journal reports, citing several sources with knowledge of the details. According to the report, the company is preparing documents for the IPO, and is aiming to go public as early as March 2017.
* Apple Inc. is planning to merge its separate internet services groups under one roof in a bid to improve its cloud offering, Bloomberg News reports, citing sources with knowledge of the matter. As part of the initiative, Apple cloud services teams overseen by Eddy Cue, Apple's senior vice president of Internet services, will move to the tech giant's existing Infinite Loop campus in Cupertino, Calif.
* Facebook Inc.'s Oculus unit is developing a stand-alone virtual reality headset, according to a tweet by Oculus. The company, however, did not offer details like the name for the new headset, or its specs.
Internet & OTT
* Three delivery drivers for Amazon.com Inc. and Amazon Logistics Inc. filed a putative class-action lawsuit against the online retail giant over the alleged violation of federal labor law, The Wall Street Journal reports. In the suit, the drivers claimed the company wrongfully classified them as contractors, instead of employees of the company, and are seeking back wages, overtime pay and compensation for fuel, car maintenance and other expenses.
* Netflix Inc. green-lighted six new original animated shows for kids. The new shows are "LEGO Elves," "The Hollow," "Kibaoh Klashers," "Robozuna," "Treehouse Detectives" and "Super Monsters," the streaming giant said.
* Amazon.com placed an order for original horror anthology series, "Lore," which is based on a podcast of the same name. The series, which will feature 10 episodes, will showcase stories about frightening, psychologically disturbing and even paranormal true events, the company said.
Film & TV Programming
* Walt Disney Co. is working with Oculus to bring its programming to the Oculus Rift and Gear VR head-mounted displays, VentureBeat.com reports. Announcing the partnership at an event, Oculus said Walt Disney Studios is making a film for the headsets, and will also bring other properties to VR.
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng decreased 0.42% to 23,851.82, and the Nikkei 225 slipped 0.23% to 16,860.10.
In Europe, around midday, the FTSE 100 was up 0.76% to 7,053.01, while the Euronext 100 was down 0.94% to 878.83.
On the macro front
The employment situation report, the consumer credit report and the Treasury STRIPS report are due out today.
Washington Watch: Bickering over BDS reform: The communications industry remains irrevocably split on how best to reform the business data services market.
Hires and Fires: US Media & Comm management moves through Oct. 5: Time Warner Inc., Netflix, Discovery Communications Inc.: S&P Global Market Intelligence presents a weekly rundown of executive changes in the media and communications industries.
The Daily Dose Europe: Spain to probe Facebook, WhatsApp data sharing; Telia completes Yoigo sale: Spanish data protection watchdog AEPD opened a probe on the exchange of user data between Facebook and WhatsApp, while Telia Co. AB completed the sale of its majority stake in Yoigo to MásMóvil.
Economics of TV & Film: SNL Kagan Box Office Report – Week 40: The fall theatrical releases are apparently not stacking up with last year as weekly box office is now down for the third straight week.
Economics of Advertising: Ad revenue for farm publications dropped again in 2016: The farm publications industry is expected to lose $4.9 million in ad revenue for 2016, down 2.8% from last year to $173.1 million this year.
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