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Communications Services Down As Traders Hedge On Deal Prospects -- Communications Services Roundup

Dow Jones Newswires · Nov 8, 2021 17:02

Communications services companies fell as traders hedged their bets on the outlook for consolidation in the sector.

Canadian cable company Rogers Communications withdrew its court challenge of a boardroom makeover by Ed Rogers that has divided the board, pitted him against his family and jeopardized a $16 billion takeover from rival Shaw Communications.

Starting Friday, subscribers of Walt Disney's Disney+ streaming service will be able to watch "Shang-Chi," "Black Widow" and 11 other Marvel movies in IMAX formats, an unusual deal for IMAX Corp., which is more associated with cinema viewing.

European officials are seizing on disclosures from Facebook whistleblower Frances Haugen to accelerate and sharpen their plans to impose sweeping new restrictions on big technology companies.

Write to Rob Curran at rob.curran@dowjones.com

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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In Malaysia, investment products and services available through the moomoo app are offered through Futu Malaysia Sdn. Bhd. ("Moomoo MY")regulated by the Securities Commission of Malaysia (SC). Futu Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.

Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc., and Futu Malaysia Sdn. Bhd. are affiliated companies.

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