Dollar Slips as Risk Appetite Grows Amid Nvidia Rally and Iran Peace Hopes 
Moody’s Downgrades Mexico Credit Rating Amid Rising Debt and Fiscal Pressure 
Trump Signals Tough Stance on Iran Uranium Stockpile as Nuclear Talks Show Limited Progress 
Fed Signals Possible Rate Hikes if Inflation Remains High in 2026 
Tencent Shares Jump 4% as AI Models Move Toward Paid Commercial Services 
Intuit Raises Full-Year Forecast After Strong Q3 Earnings Despite Stock Drop 
X Corp Loses Legal Battle Over Australia Child Safety Fine 
Texas Sues Meta Over WhatsApp Encryption Claims 
Iran-U.S. Talks Continue as Strait of Hormuz and Uranium Dispute Stall Peace Efforts 
US Stock Futures Slip as Nvidia Earnings Fail to Fully Impress Investors 
Goldman Sachs Sees Stronger U.S. Dollar as Global Economic Gaps Widen 
ECB Warns Euro Zone Inflation Will Keep Rising Despite Strait of Hormuz Reopening 
Blackstone and Google Launch AI Cloud Venture, Pressuring CoreWeave and Nebius Shares 
Japan Airlines Signs 10-Year Boeing 787 Maintenance Deal With GE Aerospace 
OpenAI Eyes IPO Filing as Early as This Week Amid Rising AI Competition 
SpaceX Starship V3 Test Flight Boosts IPO Momentum Ahead of Historic Market Debut 
Trump-China Summit Yields Limited Progress on Trade and Tech Cooperation 
Fox Corp. revealed this week that it bought the TMZ celebrity online news platform from WarnerMedia LLC that is owned by the telecommunication company, AT&T. The mass media company acquired the tabloid journalism site as part of its plans to expand in the digital media and unscripted content sector.
According to Fox Business, the value of the acquisition was not disclosed but based on the estimation and information gathered from insiders, TMZ is valued at less than $50 million. It was reported that since last month, Fox Corp. and TMZ have been in discussing the terms and the initial negotiation was stating a value between $100 million and $125 million but it is not certain if this was the final amount.
It was noted that Fox and TMZ already had ties prior to the acquisition since Fox TV stations have been broadcasting TMZ shows including “TMZ Live” and “TMZ.” In addition, it has produced show specials for the mass media firm’s entertainment division such as the "UFOs: The Pentagon Proof," and the "Harry & Meghan: The Royals in Crisis." Aside from this, Fox Sports 1 is also airing TMZ’s sports gossip program.
In any case, it was mentioned that TMZ’s co-founder and managing editor Harvey Levin will remain in charge of operations even after the acquisition is completed. He is expected to create more work opportunities to further develop TMZ.
"TMZ has been an impactful program for our FOX television stations and broadcast partners for many years," Fox Corp. executive chairman and chief executive officer, Lachlan Murdoch, said in a statement.
Meanwhile, CNN Business reported that the other terms of the acquisition deal were not disclosed but Fox will likely start to operate all of TMZ's channels and its programs.
"When I see a breaking celebrity-related story that is equal parts shocking, fun, and addictive, I know it's TMZ," Charlie Collier, Fox Entertainment’s chief executive officer, said regarding the buyout. "Whether via broadcast or digital, TMZ has brought its brand-defining energy and sense of urgency to fans across the planet."
Finally, Murdoch believes that the acquisition will create a unique and powerful brand in the entertainment business and this is why Fox is excited to welcome TMZ into the company.
