Global LinkUP; Walt Disney buys 21st Century Fox for $52 billion

by | Dec 15, 2017

In the news this week, the internet is threatened, a mouse ate a fox and our favourite coin is jiggling hard again, strap in.

The final death of Net Neutrality

Despite a huge outcry from diverse interest group, the United State of America’s Federal Communication Commission(FCC) took a final vote yesterday in favour of killing net neutrality. TechCrunch reports that the votes were cast along party lines.

Net neutrality is simply the principle that stipulates all data on the internet are treated and served the same way without fear, favour or preferential prejudice. For more background, Wikipedia has an expansive explainer on what net neutrality is and why it is important. You can also read up a long coverage of the issue on TechCrunch

What’s ‘Bitcoining’?

Our rock star cryptocurrency has been up to a whole lot of good and bad play this week. According to this report, the price of bitcoin took a major scary nosedive in the early hours of Wednesday morning but is back on top again.

Advertisement

The same report says this price drop also rocked other digital currencies and Reuters has released an examination of how these crypto-mood swings has revealed failings and volatility of cryptocurrency markets.

With all of these in full swing, a professor of economics at the University of Georgia believes Bitcoin is more asset than currency and defends this stance. But a Japanese internet company — that will reportedly soon start paying its employees in Bitcoin –apparently doesn’t agree.

By the way, the NewYork Post reports that a woman in the US has been busted for trying to send up to $62,000 in bitcoin to ISIS fighters.

Lost in transit: $864,000

For some reasons, you probably think you know what logistics and delivery services nightmares are made of, you don’t. Sixty one year old Canadian man Louis Taylor Hebert will tell you.

Herbert did not receive his $864,000 inheritance cheque for nearly 9 months after it was sent because UPS lost it in transit and the bank refused to issue another one. He was only refunded $32 for the cheque’s shipping cost and an apology from UPS.

But maxxed out credit cards and a CBC report later, the bank is reportedly letting Herbert have his own money back.

Walt Disney buys 21st Century Fox

In a move of the century, The Walt Disney Company has agreed to acquire majority of 21st Century Fox — and its 39% stake in satellite broadcaster Sky — for $52.4 billion according to a BBC report. The remaining assets will make Fox a solely news-focused company.

From the consumers’ perspective, USA Today gives a breakdown of how this deal concerns us.

Advertisement

Even though, Bloomberg thinks this idea is a terrible one for not so obvious reasons, it is also a play for Hulu and a stake in the den  of the Netflixes.

 

 

 

Victor Ekwealor
Victor Ekwealor

tech. media. startups. africa. vc | Twitter: @victor_ekwealor


Are you in tech and you are looking at getting a foreign remote job or you want to move abroad? Fill this form and you will get the BEST resources to help you get that high paying remote job as well as japa easily! WAGMI!

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Recent News

$2 million to drive learning via WhatsApp 

$2 million to drive learning via WhatsApp 

On #TechpointDigest, we discuss how major players in the African mobility space can change the mobility narrative, FoondaMate’s $2 million funding, Twitter Create, and AMP’s $5.6 million seed round.

[PODCAST] Taxing calls to give you healthcare

[PODCAST] Taxing calls to give you healthcare

The Nigerian government wants to tax phone calls to provide better healthcare. In today’s edition of the #TechpointAfricaPodcast, we discuss possible implications and upsides to this.

TABS is tomorrow! 💃 💃

TABS is tomorrow! 💃 💃

On #TechpointDigest, we discuss Victory Farms’ $5m investment, Netflix for kids and people with disabilities, and TikTok’s plan to credit creators.

Subscribe to Techpoint Digest!

A daily 5-minute roundup of happenings in African and global tech, sent directly to your email inbox, between 5 a.m. and 7 a.m (WAT) every week day!

Please check your email to confirm your subscription.

Subscribe to Blockchain Explorer

Analysis oninnovation, regulations, and trends inthe blockchain sector, as it concerns Africa

Please check your email to confirm your subscription.

Subscribe to The Experts

A bi-weekly where tech career specialists take us on their journey from newbie to expert, and how they became successful in the industry.

Please check your email to confirm your subscription.

Subscribe to Founder's Table

A monthly series, where we catch up with founders in the startup ecosystem, learn about their failures, successes and a few tricks of the trade

Please check your email to confirm your subscription.

Copy link
Powered by Social Snap