Tag: Yahoo Finance

UPDATE 1-Anheuser-Busch to buy out Craft Brew Alliance in $321 million deal

Brewer Anheuser-Busch Inbev NV will buy the rest of Craft Brew Alliance that it does not own in a deal valuing the Portland-based brewing company at about $321 million, the two companies said on Monday. Shares of Craft Brew Alliance soared 122.6% to $16.32 after the bell, hovering near the offer price of $16.50 in cash. The deal is a reversal in stance by the world's largest brewer, which owns 31.2% stake in Craft Brew and had said in August it would not buy out the company....

Disney takes 'Star Wars' to streaming with 'Mandalorian'

The next adventure in the "Star Wars" movie and TV franchise, arriving Tuesday on Walt Disney Co's new streaming service, takes place on a lawless planet at the outer reaches of the galaxy. As is typical with "Star Wars," Disney and the cast have revealed little about the plot. "Just kind of imagine crossing the borders and going into unknown territory ... with a lot of familiar elements and completely brand new elements," Pascal said in an interview with Reuters....

UPDATE 2-Tencent Music's quarterly revenue beats on subscriber growth

China's Tencent Music Entertainment Group reported better-than-expected third-quarter revenue on Monday, as the music streaming company added more paying users. Tencent Music's U.S.-listed shares rose as much as 2% before trading down about 1% in volatile extended trading. The company's monthly average revenue per paying user from its social entertainment services unit rose 7.4% to 127.3 yuan ($18.20), the slowest growth since it went public in December last year....