NEW YORK (REUTERS) - Walt Disney has struck a deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox for US$52.4 billion (S$70.7 billion) in stock, giving the world’s largest entertainment company an arsenal of shows and movies to combat growing digital rivals Netflix and Amazon.com.
Commercial banks are also offering mobile services. Regional Correspondent Tan Hui Yee notes, however, that the pace of banking innovations has meant regulators are playing catch-up with the private sector.
We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Until we resolve the issues, subscribers need not log in to access ST Digital articles. But a log-in is still required for our PDFs.