Discovery CEO David Zaslav revealed that he had retained Disney’s former streaming chief Kevin Mayer as a consultant to help advise him on the combined company. Meanwhile, Discovery reported that it added another 3 million streaming subscribers globally in the third quarter, bringing its total to 20 million. That suggests growth is slowing steadily. Discovery launched its flagship Discovery+...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
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