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PRESS DIGEST-Wall Street Journal - Dec 10
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PRESS DIGEST-Wall Street Journal - Dec 10
Dec 9, 2024 11:13 PM

Dec 10 (Reuters) - The following are the top stories in

the Wall Street Journal. Reuters has not verified these stories

and does not vouch for their accuracy.

- Rupert Murdoch has lost a bid to change his family trust

to consolidate control of his media empire in the hands of his

son Lachlan.

- Consulting giant McKinsey & Co is admitting about 200

employees into its partnership, one of the smallest groups in

years, down about 20% from last year and half as many new

partners as in recent years.

- China said on Monday it has launched an investigation into

Nvidia ( NVDA ) over suspected violations of the country's

anti-monopoly law, a probe widely seen as a retaliatory shot

against Washington's latest curbs on the Chinese chip sector.

- Omnicom Group ( OMC ) has struck a $13.25 billion

all-stock deal to buy rival Interpublic Group, creating

the world's largest advertising agency as traditional players

look to better compete with Big Tech firms amid accelerating use

of AI.

- Warner Bros Discovery ( WBD ) signed a multi-year deal

with Comcast ( CMCSA ) that lays the groundwork for the European

launch of the Max streaming service, and resolves a dispute over

a coming "Harry Potter" TV series.

- Packaging firm Novolex will buy rival Pactiv Evergreen ( PTVE )

in a $6.7 billion deal, as the Apollo Global

Management ( APO )-owned firm looks to bolster its business of

food and beverage packaging in a cautious economic environment.

(Compiled by Bengaluru newsroom)

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