Vista Equity CEO Robert F. Smith, who amassed a private equity fortune by taking over and revamping software companies, has reached a $140 million settlement with the Department of Justice over a criminal tax probe, the Wall Street Journal reported Wednesday. For four years, the Justice Department has been investigating whether Smith avoided paying U.S. taxes on more than $200 million in...
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Samsung’s Peacock Standoff with NBCUniversal Shows Power of TV Makers
As streaming TV becomes the default viewing option for Americans, the makers of streaming devices are taking the place of cable operators as gatekeepers, deciding what streaming services will be available to viewers. Increasingly the gatekeepers include not only Roku and Amazon but smart TV makers such as Samsung. NBCUniversal is learning that the hard way as it battles to get its Peacock...
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