The telecom giant is hoping that the merger will pave the way for it to start a competition with major streaming platforms such as Netflix and Disney.

The valuation is nearly half of the $5.7 billion that Vice was valued at 4 years ago.

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The cable juggernaut Comcast is now actively trying to outbid Disney to acquire Fox network’s productions and assets.

Recently the company AT&T has merged with Time Warner, creating a media monopoly that could harm consumers.

T-Mobile has signed a new deal with Sprint in a move that could change the entire wireless landscape, and has left the US with three major cell phone companies.