Special Offer: Try The Information today for only $10/month for your first 3 months.
About Us
Pricing Corporate Sales
Briefing
Media/Telecom Entertainment

Fox Buys Ad-Supported Streaming Service for $440 Million

By Jessica Toonkel
· · Source: The Information

Rupert Murdoch’s Fox Corp is buying Tubi, an ad-supported streaming service, for $440 million. It’s the latest acquisition by a big media company to acquire an ad-supported streaming startup. Viacom spent $340 million to buy Pluto early last year and Comcast is reportedly looking at buying another service, Xumo.  More companies are looking at ad supported video as a way to offer something...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
The Briefing
Uber Finally Hits $90 Billion Market Cap; The Information’s Tech Briefing
By The Information Staff · Nov. 24, 2020 5:00 PM PST
Uber Finally Hits $90 Billion Market Cap; The Information’s Tech Briefing
Most major tech stocks rallied with the rest of the stock market on Tuesday, as the Dow Jones Industrial Average passed the 30,000 mark for the first time. Some tech stocks hit highs nearly as symbolic as the Dow’s closing level. Uber, for instance, rose 2.4% to $51.26, its highest price ever and putting its market capitalization at $90 billion. That was the top end of its expected IPO...
Latest Briefs
 
Sequoia Capital Led $2 Billion SpaceX Financing
By Kate Clark and Amir Efrati · Nov. 24, 2020
HP Inc. Shares Jump 9% as PC, Printer Sales Surge
By Kevin McLaughlin · Nov. 24, 2020
TikTok Sues Rival Triller for Violating Patents
By Alex Heath · Nov. 24, 2020
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Alphabet’s Internet Balloon Subsidiary ‘Loon’ Hit Financing Turbulence
Exclusive Startups Google
Alphabet’s Internet Balloon Subsidiary ‘Loon’ Hit Financing Turbulence
By Nick Bastone
Doubts are growing about one of the first and most high-profile efforts by Google owner Alphabet to show that it can be more than an advertising cash machine.
Job Site Hired, Once Valued at $500 Million, Discusses Winding Down
Exclusive
Job Site Hired, Once Valued at $500 Million, Discusses Winding Down
By Zoë Bernard
Hired, a recruitment service for tech jobs, has started a process to sell assets, pay off creditors and wind down the company, according to people familiar with the plans and a document seen by The Information.
Tech CEOs Are Saying Goodbye to San Francisco
Exclusive Real Estate Economy
Tech CEOs Are Saying Goodbye to San Francisco
By Cory Weinberg, Kate Clark and Zoë Bernard
Splunk, Dropbox and Brex followed similar formulas as they grew from small startups to established companies.
Why Silicon Valley Loves Airbnb—for Now
The Takeaway
Why Silicon Valley Loves Airbnb—for Now
By Jessica E. Lessin
This week you saw something you don’t often see: goodwill for a tech company. Maybe it was a reaction to the endless years of lashing out against tech CEOs on Twitter, often coming from other tech CEOs themselves.
Microsoft’s New Weapon in Console Wars: a ‘Netflix for Games’
Microsoft Media/Telecom
Microsoft’s New Weapon in Console Wars: a ‘Netflix for Games’
By Nick Wingfield
Last week, Microsoft and Sony kicked off a new round of game console wars, releasing new machines likely to be among the most sought-after gifts this holiday season.
Airbnb’s Chesky Takes Far Lower Salary Than Most Tech CEOs at IPO
Data Point Markets
Airbnb’s Chesky Takes Far Lower Salary Than Most Tech CEOs at IPO
By Martin Peers
Airbnb has distinguished itself on a number of grounds, including the innovative nature of its business model and its ability to turn a profit, at least for a period of time.