Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 6th of February.
CLASH OF THE TITANS
I know it sounds like a cheap B movie title, but the reality is this is a very real clash between Rupert Murdoch with his powerful NEWS Corp holdings and John Malone with his equally powerful Liberty Media Empire.
Today Liberty Media announced that it had purchased Virgin Media in the UK for a deal valued around $16 billion dollars.
Sir Richard Branson, who is a part owner of Virgin Media, walked away with a cool $316 million in his pocket after handing over his shares. Nice work if you can get it. Today we will be looking at both Liberty Media Corp (LMCA), and News Corp (NWSA) to see which is the best bet in media. Continue reading "MarketClub TV: Clash of the Titans"