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In This List

Broadcom-Symantec chatter; Huawei-ZTE ban; CBS-Viacom merger talks

IPTV, Multichannel Services In Asia Evolving Quickly In Response To COVID-19

COVID-19 Could Hamper Broadcast Ad Revenues In Q1’2020

Australia And New Zealand Telcos Launch Special Packs Amidst COVID-19 Outbreak

OTT Winners, Losers In The Age Of COVID-19


Broadcom-Symantec chatter; Huawei-ZTE ban; CBS-Viacom merger talks

Top News

* Technology company Broadcom Inc. is close to sealing a deal to acquire Symantec Corp.'s enterprise business, nearly a month after a failed attempt to buy the entire cybersecurity company, The Wall Street Journal reports, citing sources familiar with the matter. A deal, which could reportedly be announced as early as Aug. 8, could value the Symantec division at around $10 billion.

* The U.S. General Services Administration issued an interim rule prohibiting government agencies from procuring telecommunications and video surveillance equipment or services from Huawei Technologies Co. Ltd., ZTE Corp. and three other Chinese companies due to national security concerns. The new rule, which is set to take effect Aug. 13, implements the same ban from the National Defense Authorization Act that was signed into law by President Donald Trump in August 2018.

* CBS Corp. and Viacom Inc. are unlikely to announce a merger agreement Aug. 8 despite earlier expectations, CNBC reports, citing sources familiar with the situation. The two companies are still reportedly ironing out the details of the merger's exchange ratio, with a deal now expected in the coming days.

Internet & social media

* IAC/InterActiveCorp is considering the spinoff of its stakes in Match Group Inc. and ANGI Homeservices Inc. to its shareholders. The company, however, said it has yet to make a decision on the details of a spinoff, or whether it will pursue such a transaction.

* Facebook Inc. is in discussions to lease more office space at Hudson Yards, in New York City's Manhattan borough, Bloomberg News reports, citing sources. A deal could reportedly involve about 1.5 million square feet of space across three office buildings in the area.

* The White House has invited representatives of internet and tech companies to a discussion on violent extremism online, following the shootings in Texas and Ohio over the weekend, CNBC reports, citing White House spokesman Judd Deere. It was not clear which companies were invited to the meeting.

* Group dating app 3fun has exposed personal data of more than 1.5 million users, TechCrunch reports, citing Pen Test Partners. According to the report, 3fun's app had a vulnerability that allowed hackers to access the information by modifying their real location.

Programming & streaming

* Hackman Capital Partners LLC, through an affiliated entity, has acquired Carlyle Group LP's film and TV studio real estate and production services platform The MBS Group for $650 million. Hackman Capital purchased the studio production facility in a partnership led by real estate and investment management firm Square Mile Capital Management LLC, according to a news release.

* Former Sony Pictures Television Inc. executive Amy Carney has joined Fox Entertainment Group Inc. as COO, Variety reports, citing a company statement. In this role, Carney will oversee research, strategy and operations at the Fox Corp. division.

* Netflix Inc. has struck a multiyear deal with David Benioff and D.B. Weiss, creators of the hit series "Game of Thrones," Variety reports. Under the agreement, Benioff and Weiss will write, produce and direct new films and TV series for the streaming platform.

* In other Netflix news, the company unveiled details on the second season of crime series "Mindhunter," as well as new thriller series "Frontera Verde." Both series will premiere Aug. 16.

Advertising

* Global measurement and data analytics company Nielsen Holdings PLC said it struck a multiyear agreement with Lockard & Wechsler Inc. for local TV measurement. Lockard & Wechsler is a marketing agency that offers media planning, buying and analytics services.

* Comcast Spotlight LP, the advertising sales division of Comcast Corp. unit Comcast Cable Communications LLC, unveiled Instant Impact, a new attribution tool for advertisers to track a campaign's impact on digital activity. Instant Impact, which uses the ADvantage analytics platform from TVSquared, measures the performance of TV campaigns as well as provides insights, the company said.

Technology

* Enterprise cloud computing solutions company Salesforce.com Inc. is buying ClickSoftware Technologies Ltd. for an enterprise value of $1.4 billion. Salesforce will acquire the field service management solutions provider from technology-focused private equity firm Francisco Partners Management LP, according to a news release.

* Alphabet Inc. unit Google LLC is making augmented reality-enabled walking directions for Google Maps available to iOS and other Android devices, according to a blog post. Google Maps also launched a new function that allows users to view their hotel and flight reservations.

* Apple Inc. is facing an antitrust probe from Russia's Federal Antimonopoly Service following a complaint from cybersecurity company Kaspersky Lab ZAO, Reuters reports, citing a statement. The regulator wants to find out why the iPhone maker's operating system had declined a new version of Kaspersky Lab's parental control app Safe Kids.

* In more Apple news, iPhone owners in California sued the tech company over alleged privacy violations, Bloomberg News reports. The class-action suit claims that Apple violated the privacy of users of its voice assistant Siri when human reviewers listened to customer recordings.

The day ahead

Early morning futures indicators pointed to a higher opening for the U.S. market.

In Asia, Hang Seng rose 0.48% to 26,120.77, while the Nikkei 225 was up 0.37% to 20,593.35.

In Europe, around midday, the FTSE 100 rose 0.17% to 7,211.10, and the Euronext 100 gained 1.19% to 1,041.22.

On the macro front

The jobless claims report, the Wholesale trade report, the EIA natural gas report, the Fed balance sheet and the money supply report are due out today.

Click here to read about today's financial markets, setting out the factors driving stocks, bonds and currencies around the world ahead of the New York open.

Featured news

The Daily Dose Europe: KKR, Axel Springer deal; DAZN Italian channel; Sky Studios' acquisition: Axel Springer SE shareholders have accepted KKR & Co. Inc.'s offer, DAZN is in deal talks to launch its Italian channel, and Sky Studios acquired a stake in True to Nature.

The Daily Dose Asia-Pacific: New Huawei, ZTE ban; Facebook's lawsuits; Samsung supply chain alternatives: A rule was issued prohibiting U.S. government agencies from procuring equipment from Huawei Technologies Co. Ltd. and ZTE Corp., Facebook Inc. filed lawsuits against app developers in Asia, and Samsung Electronics Co. Ltd. is seeking alternatives to Japanese suppliers.

Data Dispatch: Financial risk but strong synergies color outlook for newspaper deal: Analysts said the merger between New Media Investment Group Inc. and Gannett Co. Inc. is important for the combined entity's future as it will help control costs, though it does carry some financial risk.

Featured research

Economics of TV & Film: A+E Networks keeps focus on premier properties' content: The overall programming budget for the A+E Networks portfolio is maintaining its trajectory of year-over-year increases, though two of its smaller networks show a recent pullback.

Economics of Networks: Large-scale operation paying off for Discovery: Kagan offers an analysis of second-quarter earnings from Discovery Inc., highlighting advertising and distribution revenue growth at the U.S. networks.

Recent earnings

Fox's affiliate revenue growth drives fiscal Q4 beats: The company's total revenues jumped 5% year over year to $2.51 billion in the quarter ended June 30, up from $2.39 billion in the prior year quarter.

The Daily Dose has an editorial deadline of 7:30 a.m. ET. Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.