Company briefs: Walt Disney, Alphabet

Alphabet's YouTube said on Sunday it has reached a deal with Walt Disney to distribute all Disney-owned channels on its platform, two days after talks broke down and led to a blackout. YouTube tweeted that "we've reached a deal with Disney and have already started to restore access to channels like ESPN and FX". Last week, YouTube warned that an agreement with Disney would be renewed only if it offered "equitable terms" and announced it was cutting the monthly price for YouTube TV by US$15 (S$20.50), from US$64.99 to US$49.99. On Sunday, it said the price had reverted to US$64.99.

REUTERS

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Standard Chartered

The Bank of England (BOE) said yesterday that it was fining Standard Chartered £46.6 million (S$84.2 million) for misreporting its liquidity position to the regulator and for failings in its controls.

The Prudential Regulation Authority (PRA) said the fine related to reporting errors Standard Chartered made between March 2018 and May 2019 when it was subject to an "additional liquidity expectation" due to concerns about US dollar liquidity outflows.

The fine is the highest ever imposed by the PRA in a case where it was the sole enforcer, the watchdog said in a statement.

REUTERS

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Carro

Used car marketplace Carro has raised US$15.6 million (S$21.3 million) from Celestial Sage International, Aldama Investments and Simon James Moran in its ongoing funding round. Carro has raised a total of US$428.5 million in this latest funding round. According to regulatory filings on data platform VentureCap Insights, on Dec 15, Celestial Sage invested US$10.4 million for over 197,000 shares, which translates to US$52.54 per share. Last month, Temasek's Anderson Investments, with Malaysia's Sime Darby and others, invested US$100 million.

THE BUSINESS TIMES