Food-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to sell high-tech kitchen equipment and prepared ingredients to businesses such as hotels, hospitals and sports arenas.The deal includes a $100 million investment from Nestle, along with a strategic partnership, according to sources familiar with the...
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Sports betting, online casino boom fuels big DraftKings revenue gains as rivals vie for market share
DraftKings, a fantasy sports websiteGetty ImagesThe growth of online sports betting and casino gaming across the U.S. has led to soaring revenue for sportsbook companies, but an already crowded race for consumers' dollars is about to get more competitive.DraftKings, which reported quarterly results that beat Wall Street's estimates on Thursday, has...
Disney to buy remaining Hulu stake from Comcast in widely expected move
Rafael Henrique | SOPA Images | LightRocket | Getty ImagesDisney said Wednesday that it had agreed to buy Comcast's one-third stake in streaming service Hulu, a long-expected outcome.Disney said it expects to pay Comcast's NBCUniversal about $8.61 billion by Dec. 1, reflecting the guaranteed minimum value of $27.5 billion for...