Tuesday’s business headlines
INDIANAPOLIS (WISH) — Here’s a look at Tuesday’s business headlines with Jane King.
Anthem can not collect failed merger damages
A Delaware judge ruled on Monday that neither Anthem nor Cigna will be able to collect billions in damages over their failed merger.
The two companies struck a merger agreement in 2015, a deal that would have created the largest health insurer in the U.S., but things fell apart.
The government tried to stop the deal and then they each sought billions from each other but a judge ruled both companies move on with no money.
J.C. Penny reconsidering how to sell assets
J.C. Penney is proposing to sell its assets out of bankruptcy to top lenders after hitting a stalemate with other bidders, including landlords Simon Property Group and Brookfield Property partners.
The company had been in advanced talks with Indianapolis-based Simon, the biggest mall owner in the U.S. by number of locations, and Brookfield, another big shopping-center owner.
Some Netflix shows available to non-subscribers
Netflix has confirmed that popular shows and movies, such as “Stranger Things,” “Bird Box,” “The Two Popes” and others, will be available to non-subscribers for free.
The select Netflix original series and movies will be available on desktop and Android web browsers.
Only the first episode of each show is available, but the streaming giant will allow users to watch entire movies for free.
TikTok has chosen a bidder
TikTok has chosen a bidder for its U.S., New Zealand and Australian businesses and could announce the deal as soon as today.
Microsoft, in partnership with Walmart, and Oracle are the top contenders.
The sale price is expected to be in the range of $20 billion to $30 billion.
The White House has indicated more Chinese-owned apps could be targeted.
Twitter’s new ‘most-liked tweet’
The social network has confirmed that the late Chadwick Boseman’s last post, the news of his death by his family, is the “most-liked tweet ever.”
The tweet has been liked more than 7 million times.