Business
Facebook strikes first deal with Seven West (ASX:SWM) as media bargaining code looms large
ASX media share will be in the spotlight after Facebook, Inc. Common Stock (NASDAQ: FB) and stuck a deal with Seven West Media Ltd (ASX: SWM).
The Aussie media group is believed to be the first to sign a letter of intent with the social media titan, according to the Australian Financial Review.
It isn’t only Seven West that likes the deal. The Facebook share price broke its four-day losing streak last night.
Seven West first but not last to strike deal with Facebook
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