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Comcast buys French startup; Charter wins FCC approval for M&A transactions


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EP 14 - The Summer Box Office Begins


Next in Tech | Episode 167: FinOps And Battle For Cloud Costs

Comcast buys French startup; Charter wins FCC approval for M&A transactions


* bought, a French startup that focuseson television ads that run on digital properties, for an undisclosed price,Re/code reports,citing sources with knowledge of the details. The newly acquired company willnow be part of Comcast's FreeWheel unit.

* CharterCommunications Inc. is a step closer to completing its merger with and a relatedacquisition of Bright HouseNetworks LLC. Charter said in a news release that it received approval from the FCC forboth transactions. According to data from SNL Kagan, the transaction value forthe Time Warner Cable mergerstands at $79.16 billion, while the value for the Bright House Networkspurchase standsat $10.4 billion. The approval was widely expected given that FCC Chairman TomWheeler had previously circulated an order recommending the deals be approvedwith conditions.

* In related news, NetflixInc. backed the conditions imposed on Charter Communications'merger deal with Time Warner Cable, MultichannelNews reports,citing an official statement. The streaming giant commended Charter's pledge tonot apply broadband caps and interconnection fees, and said that this conditionwould help support consumer demand for streaming video services.

Internet & OTT

* As expected,Groupon Inc. sold itsBreadcrumb business unit to Upserve. According to an official , Groupon sold allBreadcrumb assets in exchange for an undisclosed, minority stake in Upserve.The deal will create a cloud-based restaurant management platform that willserve more than 6,000 restaurants in the U.S. Additionally, Breadcrumb stafferswill now be part of Upserve's team in San Francisco, Chicago, New York, andProvidence, R.I.

* Twitter Inc.barred Dataminr Inc. from providing U.S. intelligence agencies access toreal-time stream of public tweets, TheWall Street Journal reports,citing a senior U.S. intelligence official and other sources. Twitterreportedly owns a 5% stake in Dataminr, which is a private company that minespublic Twitter feeds for clients. Sources said the move was part of Twitter'sefforts to distance itself from intelligence agencies. The micro-bloggingservice has a policy that stops third parties from accessing and selling itsdata to a government agency for surveillance purposes.


* Apple Inc.CEO Tim Cook is planning to meethigh-level Chinese government officials in Beijing later in May, Reuters reports,citing a source familiar with the details. The trip will come during a criticalperiod for the company in its second-largest market. Apple has suffered anumber of setbacks in China recently, including a government order toshutter its iBooksStore and iTunes Movie services last month and a trademark ruling over use ofthe "iPhone" name. Last month, activist investor Carl Icahn saidworries about China's attitude toward Apple led him to sell his stake in thecompany.

* Qualcomm received additional authority from the FCC totest LTE-U in partnership with T-MobileUS Inc., Multichannel Newsreports.Under the initiative, Qualcomm will test LTE in the 5 GHz band in Washington,California, Texas and Nevada. The tests will seek to ensure that LTE-U andcable Wi-Fi can coexist, according to the report.

Film & TV programming

* Walt DisneyCo.'s "Captain America: Civil War" raked in $181.8million to top the domestic box office for the May 8 weekend, to Disney's "TheJungle Book" was No. 2 with $21.9 million, followed by Open Road's "Mother'sDay" at No. 3 with $9 million. Universal's "The Huntsman: Winter'sWar" took the fourth spot with $3.6 million, and Warner Bros.' "Keanu"was No. 5 with $3.1 million.As per worldwide box office estimates, "Captain America: Civil War"drew in about $401.8 million around the globe, and raked in nearly $678.4million in just 12 days.

The day ahead

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

In Asia, the Hang Seng rose 0.23% to 20,156.81, while theNikkei 225 was up 0.68% to 16,216.03.

In Europe, as of midday, the FTSE 100 was up 0.50% to 6,156.27,and the Euronext 100 rose 1.24% to 860.99.

On the macro front

No notable reports are due out today.

Featured news

The Daily DoseEurope: Telenor to exit Russia; Telefónica Deutschland to offer bankingservices: Telenor ASAis preparing to divest its stake in VimpelComas it looks to exit the Russian market, while Telefónica Deutschland is set tooffer O2 Banking, a service that will give customers a bank account to go withtheir smartphones.

MarketWeek:Synacor shares soar on services deal; Amazon's Bezos takes home profits:Synacor Inc. sharesgot a major boost after the company announced it had won an agreement to offerportal services to AT&T Inc.customers. In other news, Amazon.comInc. CEO Jeffrey Bezos sold over 1 million shares in company stock.

Data Dispatch:Thinking outside the box office: America turning out for 'Captain':The newest Captain America title is set to break the box office without anydebut competition over the weekend.

Briefing Room:Leicester City's improbable title lifts NBC Sports Group's Premier Leagueratings: The Foxes' first-ever, top-flight U.K. title have stokedU.S. audiences during the 2015-16 campaign. But will ratings continue to riseas the club sheds its underdog status next season?

ConferenceChatter: Upfront and Personal: A look at Great Big Story's great big newfront:CNN Worldwide President Jeff Zucker told media buyers that video channel GreatBig Story will be increasing its video production output across various formsand will grow its distribution base via deals with connected TV and socialplatforms.

Best of SNL:Media & Comm, editor's picks: Take a look at the media andcommunications editor's top five picks for the week ended May 6.

Best of SNL:Media & Comm, most read: SNL Kagan presents the five most readmedia and communications articles for the week ended May 6.

The ProgramGuide: NatGeo to debut new scripted series; Disney XD will premiere 'LEGO StarWars: The Freemaker Adventures': SNL Kagan presents a roundup ofrecent programming news from various TV networks, including a new scriptedseries, "Genius," on NatGeo and Disney XD (US)'s premiere of "LEGO StarWars: The Freemaker Adventures."

Featured research

Economicsof Networks: AMC nets grow distribution revenue 11% in Q1:AMC Networks Inc.reported first quarter earnings on Thursday, May 5, with total company netrevenues increasing 5.7% to $706.6 million.

Economics ofNetworks: Scripps U.S. networks post 14% ad growth in Q1:Scripps Networks Interactive Inc.,the parent company to cable networks such as HGTV (US) and Food Network (US), reported first-quarterearnings on May 5, with the company reporting a 24.1% year-over-year increasein total operating revenue.

Economics ofInternet: YouTube looms even larger over the OTT landscape: Despitechallenges from Facebook Inc.and video upstarts such as Snapchat and Twitter, YouTube was once again at theforefront of many discussions at the Digital Hollywood event held May 3-6 inLos Angeles.

WirelessInvestor: From ad blocking to IoT: Digital Hollywood 2016:Over-the-top content, artificial intelligence in the Internet of Things, augmentedreality and virtual reality were hot topics at Digital Hollywood 2016.