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The CBS headquarters seen on August 2, 2013 in New York City. Time Warner Cable and CBS reached a deal over the weekend.
After a month of stalemate and brinkmanship, CBS and Time Warner have announced that they have finally reached a new broadcasting rights deal. Service in Los Angeles and other impacted markets resumed yesterday. The two companies are staying mum on the monetary terms of the new agreement.
In other big tech biz news, UK’s Vodafone is selling its 45% stake in Verizon to the American company. The sale is worth $130 billion, one of the most pricey acquisition deals yet. The acquisition makes Verizon, the biggest wireless carrier in the U.S., purely American-owned. In another major transatlantic mobile industry deal, Nokia has agreed to sell its main handset unit for $7.2 billion to Microsoft.
Joe Flint, media reporter for the Los Angeles Times
Charles Golvin, a mobile phone industry analyst at Forrester Research