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Fly News Breaks for October 16, 2015
TCEHY, BABA, BIDU, SOHU, YOKU
Oct 16, 2015 | 10:04 EDT
Summit Research analyst Henry Guo said Alibaba's (BABA) proposed acquisition of Youku Tudou (YOKU), which he notes has almost 600M monthly users, should significantly help the e-commerce giant further penetrate into China Internet users and strengthen its digital media ecosystem. Meanwhile, Youku Tudou would likely remain aggressive on investments if backed by Alibaba's financial resources, Guo said. The analyst views the potential deal as a negative for other players in the market, including Baidu's (BIDU) iQiyi, Tencent Video (TCEHY) and Sohu Video (SOHU).
News For BABA;YOKU;BIDU;TCEHY;SOHU From the Last 2 Days
TCEHY
Jul 16, 2019 | 16:58 EDT
According to a story from the NY Posts Josh Kosman, musician Drake has an esports franchise named 100 Thieves and it "has bagged $35 million in a new fund-raising round." "100 Thieves Founder and CEO Matthew "Nadeshot" Haag said he plans to use the cash to aggressively expand in competitive esports, added the NY Post story. Companies that may be impacted include: Tencent (TCEHY), Activision (ATVI), NetEase (NTES), Electronic Arts (EA), Nvidia (NVDA), AMD (AMD), Microsoft (MSFT), Nintendo (NTDOY) andTake-Two (TTWO). Reference Link
BABA
Jul 15, 2019 | 08:55 EDT
Friday's total option volume of 18.9 million contracts resulted in net open interest growth of 2.79 million calls and 3.17 million puts. Micron (MU), Tesla (TSLA), Alibaba (BABA) and Facebook (FB) saw the greatest growth. Top five new positions opened include 22k Southwestern Energy (SWN) Aug-19 2.5 puts, 20k Tesla (TSLA) Jul-19 100 puts, 20k Facebook (FB) Jul-19 210 calls, 20k PG&E (PCG) Sep-19 25 calls and 19k Micron (MU) 7/26 weekly 46 calls.