Michael Cohen, Trump’s longtime lawyer and fixer, appeared in a New York Federal court and pleaded guilty to eight counts. Cohen admitted that he had made illegal campaign contributions in “coordination and with the direction of a candidate running for federal office.”
Disney has officially raised its offer for 21st Century Fox and all its assets. The company is now offering $38 per share to purchase Fox. This represents a total takeover bid of about $71.3 billion. The figure is a huge increase from the initial $52.4 billion that Disney was offering.
Netflix has surpassed Disney as the most valuable media company in the US. The online streaming service has experienced outstanding success in the recent months including commendable subscriber growth around the world. Disney, on the other hand, has been entangled in its own battles.