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PRESS DIGEST - Wall Street Journal - March 16

· 03/16/2021 00:37
PRESS DIGEST - Wall Street Journal - March 16

- The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- The Chinese government has asked Alibaba Group Holding Ltd 9988.HK, BABA.N to dispose of its media assets, as officials grow more concerned about the technology giant's sway over public opinion in the country, according to people familiar with the matter. https://on.wsj.com/3bV5CIh

- American financial giant Vanguard Group has suspended plans to launch a mutual-fund business in China. The firm told staffers in recent days that it was pausing months of preparations to sell its funds to Chinese consumers. https://on.wsj.com/3qQHEBW

- Rogers Communications Inc RCIb.TO agreed to buy Shaw Communications Inc SJRb.TO for about $16 billion, combining two of Canada’s largest communications companies and setting up a regulatory battle over a deal aimed at speeding up the country’s rollout of fifth-generation wireless service. https://on.wsj.com/3eOXKdb

- News Corp NWSA.O said it has reached a deal to let Facebook Inc FB.O feature news in Australia from some of the media company’s key properties, including The Australian national newspaper. https://on.wsj.com/30JKfTG

(Compiled by Bengaluru newsroom)