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Square Is Changing Its Name to Block. It Doesn’t Change the Outlook for the Stock.

Jack Dorsey began the week by stepping down as CEO of Twitter and has now renamed his other company. Read More...

Reuters

ViacomCBS’s Shari Redstone says media company will focus on organic growth

ViacomCBS Inc Chair Shari Redstone, who in the past has hinted at more deals to bulk up the media empire, said on Wednesday the company will focus on organic growth and seek global expansion opportunities. In an interview during the Reuters Next conference, she said the company remained open to “always look at opportunities out there,” but had no immediate urge to merge. ViacomCBS, with its $20.1 billion market valuation, is one-tenth the size of the Walt Disney Co. As media conglomerates have raced to bulk up to amass content for subscriptions and advertising-supported streaming video services, the company’s relatively smaller scale has spurred speculation that Redstone would seek another deal.

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