In the news: Amazon buys Twitch, Buffett's Burger King stake and Verizon gets into solar

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Tuesday headlines include: Amazon buying a video-game streaming video service, TiVo reaching out to cord cutters, Buffett taking a tranche of Burger King's deal for Tim Hortons, Boeing getting a big jet order from China and Verizon expanding into solar power.

Amazon

Online retail giant Amazon ( AMZN ) said Monday that it will buy internet-streaming video-game watching service Twitch for $970 million in cash. Google's ( GOOGL ) YouTube division had been rumored to be interested in acquiring the company. Twitch has more than 55 million visitors to its website each month, with more than one million gamers who broadcast their games for others to watch.

TiVo

Television time-shifting device maker TiVo ( TIVO ) plans to make a digital video recorder specially for people who have "cut the cord" by getting rid of their cable or satellite service. The new model will record the free over-the-air signals that are available through an antenna. The TiVo Romio OTA will cost $50 and requires a $15-per-month subscription to the TiVo service.


Burger King

The deal that will see Burger King ( BKW ) acquire Canadian restaurant chain Tim Hortons ( THI ) and move its headquarters to Canada, will also feature a $3 billion investment from Warren Buffett . Buffett's Berkshire Hathaway (BRK.A) will reportedly take a preferred stake in the company, although precise details have yet to be announced. Buffett previously took a similar stake in Heinz when it was acquired by 3G Capital, the Brazilian hedge fund that owns a majority stake in Burger King.

Boeing

Aircraft maker Boeing (BA) got a big order from Chinese aircraft leasing firm BOC Aviation on Monday. The company is ordering 80 737s and two 777s, which are worth a total of $8.8 billion at list prices. BOC is based in Singapore, but is owned by the Bank of China.  BOC said the new orders will allow it to build its existing fleet of planes over the next seven years.

Verizon

Telecommunications giant Verizon (VZ) will become the largest solar-power producer among the major communications companies. The company has contracted with SunPower (SPWR) to design and install solar power systems. Terms of that deal have not been disclosed, but the company said Monday that it is spending $40 million to expand its energy in solar power, increase its on-site green energy capacity to 25 megawatts. The company is installing 10.2 million megawatts at eight network facilities this year.


This article was originally published on MarketIntelligeneCenter.com



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This article appears in: Investing , commodities , Technology

Referenced Stocks: AMZN , GOOGL , TIVO , BKW , THI

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