Apple could buy Netflix – Citi analysts

The chances of tech giant Apple buying Netflix this year stand at around 40%, according to Citi analysts. Apple, which looks set to become the first US$1tn business, is set to repatriate around US$220 billion following US President Donald Trump’s corporation tax cut. Apple is believed to have more than US$250 billion to fund acquisitions. […]

Turner lines up $590m Ten offer

Time Warner is set to make an offer worth A$680 million (US$590 million) through its channels arm, Turner Broadcasting System, to acquire troubled Australian broadcaster Network Ten. Time Warner’s senior VP James Burtson (pictured) has contacted Ten’s investment bank advisor Citi to express interest over a possible acquisition of the free-to-air network, according to the […]

Ten could sell after strategic review

Network Ten’s parent Network Ten Holdings has confirmed it has hired Citi bank to assess its strategic options after several stories about the sale of the company surfaced. This week, Discovery Communications and pay TV provider Foxtel were linked to a takeover of Ten, which is Australia’s third-largest commercial channel behind Seven and Nine. Ten […]