- Comcast Corp (NASDAQ:CMCSA) CEO Brian Roberts met ViacomCBS Inc (NASDAQ:VIAC) Chair Shari Redstone to discuss a potential streaming partnership for international markets, the Wall Street Journal reports.
- The meeting also included ViacomCBS CEO Robert Bakish around June end in New York.
- The companies aim to compete with Netflix Inc (NASDAQ:NFLX) and Walt Disney Co (NYSE:DIS) in the budding streaming market.
- In May, ViacomCBS announced that its Paramount+ service would be available in 45 markets by 2022.
- In April, Roberts disclosed that Comcast was looking to partner with local programmers and distributors in overseas markets to drive its NBCUniversal division’s Peacock’s services.
- Some analysts smell a potential merger. However, Comcast refuted the possibilities.
- Price Action: VIAC shares traded higher by 1.56% at $40.49 in the premarket session on the last check Tuesday.
High Tide Inc: Cantor’s Updated Model For NuLeaf CBD Deal
The Analyst
In a recent analyst note, Pablo Zuanic, from Cantor Fitzgerald, remained Neutral on High Tide Inc. (NASDAQ: HITI.TO) and established a price target of C$7.75 for the stock.
The Thesis
