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Disney Announces It Has 50 Millions Subscribers for Disney Plus

By Tom Dotan
· · Source: The Information

Once again, Disney Plus has proved to be a good news engine for Disney. The new streaming service has signed up 50 million subscribers, Disney said on Wednesday, a few weeks after it launched in most of Western Europe. In less than six months, Disney has signed up a third of the total achieved by Netflix after a decade. Disney’s stock, which has been hammered during the pandemic, shot up nearly...

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TikTok Valued at Around $60 Billion, As Deal Structure Emerges
By Kate Clark, Kevin McLaughlin and Jessica E. Lessin · Sept. 20, 2020 2:39 PM PDT

Walmart and Oracle are valuing the soon-to-be formed TikTok Global at between $50 billion and $60 billion, according to two people familiar with the deal, as key aspects of one of the most convoluted global tech deals in history take shape. 

Another key point: Zhang Yiming, the CEO of ByteDance, parent company of the China-based viral video app TikTok, could become the new entity's ...

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