Business Briefs: Time Warner, 21st Century Fox, UberPosted: Updated:
The fate of a massive media merger may be decided today. After the closing bell, a federal judge will announce whether the $85 billion deal to buy Time Warner can move forward. According to Cheddar, investors seem confident that the merger will get the green light. Both sides can appeal the decision.
The battle for 21st Century Fox assets is heating up. Comcast is planning to put in an all-cash offer to dismantle a planned deal with Disney. But, there's a catch. Comcast will only put money on the table if the courts rule in favor of AT&T's takeover of Time Warner. That decision is expected sometime today.
Uber applied for a patent that would help figure out the state of the passenger most specifically, whether a passenger is drunk. It works by using machine learning to analyze a bunch of criteria, like a users' location, how well they're typing in data, and how fast they're typing, also the angle at which the user is holding their device, or even the speed at which they're walking.