Good day Everyone. Robert Cairns here. I am the CEO/Chief Creator of Amazing Ideas at StunningDigitalMarketing.com. We are the agency that will help you gain leads that will convert to paying customers. Our success is your success.
Today I wanted to talk about some of the big buyouts that are going on this week in business.
The first is the finalization of the CBS Viacom Merger. This deal reunites two companies that split in 2006. The new company will be called ViacomCBS and will have a combined revenue of 28 billion dollars.
This merger should not surprise anyone as this space is consolidating by the day. Remember Disney’s acquisition of Fox? These mergers are all about building Netflix competitors in the streaming space.
Story number two I wanted to touch on is the TMobile acquisition of Sprint. The only way this deal will be finalized if a 4th cell phone company would materialize. Enter into the picture Dish!
Dish – the Satellite TV company has been running around buying bandwidth spectrums for cell phones for years.Not only that but they are about to take over Sprint and TMobile’s MVNO companies as part of deal which will give them an instant cell phone company. Stay tuned for more on this merger.
The last one I want to talk about is in the WordPress Space. Automatic the parent company of WordPress just purchased Tumblr this week for around 3 million dollars from Verizon. What is surprising is not the acquisition – Verizon has been unloading Yahoo properties. Flickr was already unloaded recently as well.
What was surprising is how cheap Automatic acquired Tumblr for. 6 years ago Yahoo had purchased the company for 1.1 billion dollars. All I can say is how the mighty has fallen.
The next steps for Automatic is to get Tumblr of the Verizon ecosystem and to change Tumblr to a WordPress back end. Stay tuned to see how this one turns out.
Stay tuned for a couple of special podcasts coming this week. The first is on Friday of this week where I talk about some changes our agency is making and ways we can help your business.
The second is an interview I did with Lisa Pfau about her business. This will be released next Monday and I hope you really enjoy it!
As always thanks for listening and take care! Bye for now.
Thank you for listening to the SDM Business, Marketing and WordPress Podcast. This show is hosted by Robert Cairns, the CEO and Chief Creator of Amazing Ideas at StunningDigitalMarketing.com
This podcast comes out every week. It is available on all podcast platforms.
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This podcast is dedicated to Robert’s late father, Bruce Cairns.
Have an amazing week. Keep your feet on the ground and keep reaching for the stars. Make your business succeed.