ABC News’ Sonymobile Deal for $400M

July 24, 2021 0 Comments

In the latest development in the battle to make Sonymobiles the dominant force in the mobile space, the media giant has signed a deal to buy the global communications network for $399 million. 

The deal, which will bring together the parent company, ABC, with global media company Fidelity Investments, is the biggest ever in the history of the cable channel. 

It marks the largest acquisition of any company in the United States, and is expected to generate $300 million in annual savings to the company. 

“The ABC brand has always been synonymous with innovation, and we believe that Sonymobilers brand is the best in the business,” said Barry O’Donnell, president and CEO of ABC Networks. 

Sonymobiles share was up 0.9 percent in afternoon trading. Shares of Ferrari and Samsung jumped by 3.3 percent each. 

For its part, Sonoma Cellular, a unit of Sonomobile Holdings, expanded its fourth-quarter results and reported earnings for the year. 

A deal with Sonomobile is expected for the first time in Sonoma County, where the company operates its cell service in Orange County, a county that includes Santa Rosa, and the largest county in California. 

 “As the number of wireless-connected devices continues to grow and consumers have more choice in how they connect their devices to the network, we are confident that Sonomobiles share will continue to grow in the coming years,” said Sonomax CEO Kevin Waugh. 

Investors also see a potential for Sonomo to be a major contributor to the overall earnings growth of the company over the next few years, and could potentially create a strong long-term investor. 

In addition to the ABC deal, Sonomobiles shares have also been traded by Worrell Capital, a private equity firm. 

ABC will pay $425 million for Sonomacobile and Worrell will pay $200 million, according to the Wall Street Journal. 

There are also a handful of other deals announced this week. 

CBS, the cable television network owned by CBS Corp., has announced it will buy a 51 percent stake in Lifetime, the company behind The Big Bang Theory and Modern Family. 

LIFetime shares closed up 2.4 percent on Monday. 

And Fiat Chrysler Automobiles has agreed to buy FITC Automotive Holdings for $1.1 billion, the newspaper said. 

FICA, which makes luxury cars, is owned by Fiat Chrysler Automobile, and FICA shares closed at $17.69. 

This article originally appeared on the Wall St. Journal website.

Sponsored Content

우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.우리카지노 | 카지노사이트 | 더킹카지노 - 【신규가입쿠폰】.우리카지노는 국내 카지노 사이트 브랜드이다. 우리 카지노는 15년의 전통을 가지고 있으며, 메리트 카지노, 더킹카지노, 샌즈 카지노, 코인 카지노, 파라오카지노, 007 카지노, 퍼스트 카지노, 코인카지노가 온라인 카지노로 운영되고 있습니다.카지노사이트 - NO.1 바카라 사이트 - [ 신규가입쿠폰 ] - 라이더카지노.우리카지노에서 안전 카지노사이트를 추천드립니다. 최고의 서비스와 함께 안전한 환경에서 게임을 즐기세요.메리트 카지노 더킹카지노 샌즈카지노 예스 카지노 코인카지노 퍼스트카지노 007카지노 파라오카지노등 온라인카지노의 부동의1위 우리계열카지노를 추천해드립니다.우리카지노 | Top 온라인 카지노사이트 추천 - 더킹오브딜러.바카라사이트쿠폰 정보안내 메리트카지노(더킹카지노),샌즈카지노,솔레어카지노,파라오카지노,퍼스트카지노,코인카지노.Best Online Casino » Play Online Blackjack, Free Slots, Roulette : Boe Casino.You can play the favorite 21 Casino,1xBet,7Bit Casino and Trada Casino for online casino game here, win real money! When you start playing with boecasino today, online casino games get trading and offers. Visit our website for more information and how to get different cash awards through our online casino platform.