Want to join the conversation?
$LMCB said it will acquire Formula One, the iconic motorsports business, from a consortium of sellers led by CVC Capital for a consideration of cash and newly issued shares in $LMCK and a debt instrument exchangeable to shares of $LMCK. The deal price represents an enterprise value for Formula One of $8Bil and an equity value of $4.4Bil.
$NFLX a monster move, going up. Expect making some money on Monday.
$AMD down more than 6% even after posting above consensus third quarter results.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.