* The U.S. Commerce Department plans to give Huawei Technologies Co. Ltd. another 90 days to buy supplies from American companies to minimize disruption for its customers, Reuters reports, citing two sources familiar with the situation. However, the terms surrounding the potential extension may still change ahead of the Aug. 19 deadline, one of the sources said.
* Apple Inc. CEO Tim Cook warned U.S. President Donald Trump about the impacts of U.S. tariffs on Chinese imports as well as competition from Samsung Electronics Co. Ltd., Reuters reports. Cook "made a good case" that the tariffs could hurt the iPhone maker since Samsung's products would not be subject to such tariffs, Trump said.
* Alphabet Inc.'s Google LLC disclosed the acquisition of Socratic Inc., a mobile learning app. Socratic, which was acquired in 2018 for an undisclosed sum, uses artificial intelligence technology to help high school and university students do school work outside their classrooms, according to an official blog post.
* The long-anticipated merger of Viacom Inc. and CBS Corp. should add fuel to international and streaming ambitions for the combined entity, media analysts said. Viacom President and CEO Bob Bakish indicated that the merged company would benefit from pooling its streaming and content offerings for an international audience as it seeks to better compete with Netflix Inc. and others.
Internet & OTT
* Twitter Inc. is testing a new filter for spam and other unwanted messages on a user's direct message inbox. The microblogging platform is also working on changes to how third-party apps request actions to a Twitter account.
* Red Arrow Studios' former chief creative officer Michael Schmidt teamed up with New York Television Festival founder Terence Gray to launch Gotham Grit, a U.S.-based production company, TBI Vision reports. Gotham Grit will create audio dramas available on Amazon.com Inc. backed Audible Inc., with plans to turn the content into TV series.
* Netflix is working with U.S. filmmaker Kevin Smith to create a new animated "He-Man" series for the streaming platform, Variety reports. Smith will be showrunner and executive producer for the new series, dubbed "Masters of the Universe: Revelation."
* YouTube is hiring "strategic partner managers" to manage partnerships with conservative and progressive political publishers, CNBC.com reports, citing job listings on its careers page. The hiring search came amid increasing criticism on the online video platform about how it moderates political content.
* NBC Sports' subscription streaming service NBC Sports Gold is launching its Figure Skating Pass offer in September, Multichannel News reports, citing company officials. The $59.95 package will offer access to major domestic and international figure skating events from September 2019 to April 2020.
Film & TV
* Apollo Global Management LLC earlier in 2019 approached broadcast company TEGNA Inc. about a potential deal, The Wall Street Journal reports, citing people familiar with the matter. Apollo reportedly considered merging TEGNA's assets with those of Cox Media Group Inc., in which the alternative asset manager agreed to buy a majority stake earlier this year.
* Walt Disney Co. plans to temporarily resume broadcasts of Ultimate Fighting Championship matches on FX Network (US), beginning in September, Variety reports. FX, which is now owned by Disney following its deal with 21st Century Fox Inc., previously held the rights to UFC until they were acquired by ESPN Inc. in 2018.
* Universal Pictures' "Good Boys" topped the domestic box office for the weekend of Aug. 16 with $21 million, followed by another Universal movie, "Fast & Furious Presents: Hobbs & Shaw" at No. 2 with $14.1 million, according to comScore Inc. Disney's "The Lion King" ranked third with $11.9 million, Sony Corp.'s "The Angry Birds Movie 2" came in fourth with $10.5 million, and Lions Gate Entertainment Corp.'s "Scary Stories to Tell in the Dark" was No. 5 with $10.1 million.
* BlackRock Inc. has offered to buy Pamplona Capital Management LLP's minority stake in U.S. cybersecurity firm Cofense Inc., The Wall Street Journal reports, citing people familiar with the talks. The announcement is reportedly dependent on the deal being approved by the Committee on Foreign Investment in the U.S. and the trustee overseeing the sale process.
* Microsoft Corp. will use NVIDIA Corp.'s real-time ray tracing technology to provide more realistic graphics of video game "Minecraft" on personal computers, according to a statement. A free update will be rolled out to all Minecraft PC users.
* Middle-market private equity firm Alpine Investors sold education software developer Perennial EdTech LLC to Frontline Education for an undisclosed sum, according to a news release. Perennial offers student management, student assessment, teacher evaluation and health office management software, according to a news release.
* Cisco Systems Inc. laid off "a few tens" of its more than 11,000 employees in India, as part of a global realignment, The Times of India reports. The move is part of the company's efforts to align its resources and investments with strategic growth areas of the business and customer demands, the company said in a statement.
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng grew 2.17% to 26,291.84, and the Nikkei 225 was up 0.71% to 20,563.16.
In Europe, as of midday, the FTSE 100 was up 1% to 7,188.07, and Euronext 100 had climbed 1.11% to 1,042.75.
On the macro front
The Redbook is 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.
The Daily Dose Europe: BritBox beta test; Freenet on Sunrise deal; Huawei in Russia: ITV PLC began running a beta version of its subscription video-on-demand service BritBox internally, freenet AG continues to veto the rights issue for Sunrise Communications Group AG's acquisition of UPC Schweiz, and Huawei plans to hire 1,500 staff in Russia.
The Daily Dose Asia-Pacific: Alibaba's Hong Kong IPO, M&A deals; SoftBank's US$20B loan; reprieve for Huawei: Alibaba Group Holding Ltd. is considering postponing its Hong Kong listing and is making two acquisitions, SoftBank Group Corp. plans to lend up to $20 billion to employees, and Huawei may get another 90 days to buy supplies from U.S. companies.
M&A Replay: FCC OKs approval of T-Mobile/Sprint merger; Nexon to up stake in Embark Studios: U.S. FCC Chairman Ajit Pai formally recommended the approval of the proposed merger between T-Mobile US Inc. and Sprint Corp., while Nexon Co. Ltd. is increasing its stake in Swedish game developer Embark Studios AB.
Data Dispatch: 'Angry Birds' swoop down on 'Good Boys' as summer season draws to a close: The hot season is waning as studios drop five debut films, but none of the titles are expected to reach blockbuster status.
MarketWeek: CBS, Viacom plunge following merger; Apple jumps on tariff delay: Amid a turbulent week in the broader markets, the long-awaited deal between CBS and Viacom sent shares in both media giants tumbling. Meanwhile, Apple investors cheered after the U.S. delayed tariffs on a number of Chinese products.
The Best Of: Editor's picks: CBS, Viacom announce merger; tech companies expand buybacks: Stories about CBS and Viacom's all-stock deal and Apple's stock jump on tariff news are featured in the editor's technology, media and telecommunications top picks for the week ended Aug. 16.
The Best Of: Most read: Analysts question Netflix strategy; Salem Media sells stations: Articles about analysts questioning Netflix's strategy and Relevant Radio buying stations from Salem Media Group Inc. were among the most read in technology, media and telecommunications news for the week ended Aug. 16.
Wireless Investor: Low/mid-bands to aid 4G and help deploy 5G in Latin America: In Latin America, total spectrum for six covered markets of Argentina, Brazil, Chile, Colombia, Mexico and Peru totaled 2,893 MHz at the end of 2018, up by 120 MHz compared to 2017. The year-over-year gain follows Mexico's June 2018 2.5/2.6 GHz auction.
Economics of Advertising: 2018-2019 TV season ratings highlight viewership erosion on broadcast: Breaking down the broadcast series ratings declines during the 2018-2019 TV season using data from comScore's TV Essentials.
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