axel springer try to buy posing. can they do it?try to bring the argument we are not competing against each other anymore. we are competing against americans. whether they buy that argument, remains to be seen. guy: the bottom line is we have to get bigger. talk about to me about m&a and how that fits in. erica if you see the m&a market at the moment, we are on track to be busier than 2007. you know m&a is booming when german companies are doing deals. there are more conservative and take their time. it always starts in the u.s. goes to the u.k. and then goes to germany. when you see germany preparing deals, you know m&a is really booming. dr. -- jonathan: defensive m&a. aaron cohen -- erin: we are seeing a bit of the lemming effect. the way investors are reacting. usually you see that targets companies stocks go through the roof. yet seen a lot of announcements where the bias shares go through the roof. axel springer, the shares are rocking right now. this one encourages talk. it encourages management to keep pursuing an agreement.

axel springer is valued at just under 5 billion euros.aroline: let's have a look at some of the stories for you. samsung's struggle to lower customers from apple has just gotten harder. the maker of the galaxy smartphone has posted its seventh straight profit drop. let's go to a bond who has the story. can they turn this around. a slowing of sales. the ethics is not -- yvonne: that was supposed to be the right start for the second quarter. everyone was hoping that the second quarter would be the turnaround for samsung. as you mentioned, seven straight corridors we have seen profit drops. the company forecast that they released a few weeks ago missed analyst estimates. the s six sales are not as strong as the market has expected. that is the one with the curved screen. that was a special part of that phone. the problem here is that it was not so much about demand but supply the first couple months of the quarter. that lead to shortages which trimmed sales. that failed to regain customers that switched to the iphone 6. you also have the che

sale, which could bench them $1.6 billion isn't going to go through to axel springer. it will be interesting to see who pops up and becomes the bitter. olivia: it is in talks. with whom? we will continue merger talks with anthem, near a deal to buy cigna. it would be the largest in the industry. megadealbe the second announced this summer. olivia: both potential acquisition was are expected to face hurdles. york, and now in new also, david balto. explain to us the details of what this tie up would look like. between anthem and sigma, it is looking like $40 billion. the offer we have heard is around one. 87. 7.1.8 the second of the big types that we have seen out of the big five players. , from a bigthrough five into a big three. olivia: does and some really want cigna? anthem really want cigna? been talking for over a gear at this point. up over who was going to help lead the company. we have been able to help that is going to be in charge, at least initially. we are waiting to see those details when it does get announced. this has been an ongoing thing. david, itme br

aaron: axel springer tried to buy prosieben.cartel authorities rejected it, saying they would be too dominant. manus: the landscape has changed. the competition landscape has changed. business needs have changed. do you think the authorities will see this as being a reason to object? aaron: that is the question. it is too early to say whether the antitrust authorities will block it or supported. anyone knows the landscape has changed. they will argue that. we are no longer competing against ctv newspaper publishers. the chances of them getting this through our higher than a decade ago. the german politicians may like the idea of creating a year champion to compete with the americans. manus: media m&a has been explosive. there are new deals, smaller acquisitions in terms of content. technology deals being done. what does the landscape look like relative to the big boys? aaron: it is booming across various sectors. it is a broad-based boom compared to the internet boom of 2000. we are seeing a lot of moving pieces. the 2002 deal,

names that came up was axel springer. pearsonhe end, it was who made the deal. he said we reached an inflection point in global media with a move towards mobile and digital. the right time to find a new home for ft. what he emphasized was that the ft really needs to be part of an organization where everything was focused on journalism. pearson vary much focused on education at the moment. drovet was largely what this decision to sell it to make nikkei.make a -- to thank you so much for joining us. ceo briank of america is shaking up his executive branch. the relationship between moynahan and thompson have deteriorated. they battled over where to make investments to boost revenue. president obama will head to kenya and then the first sitting president to visit ethiopia. at the white house yesterday, the president signed a bill that will let some african companies to sell goods in america duty-free. >> i think the visit to kenya is extremely important. they will address the security issues. from an economic point of view, from a private sector point of view, the m

axel springer up by two points, 3% today.man news to republish or is in talks to combine with a broadcaster to strengthen their push into digital media, according to people familiar with the matter. maker, falling 5% today. jpmorgan today, caught the stock from underway to neutral. six pounds 40. i will leave you with this, all the sections declining on the stoxx 600. it tells you everything you need to know about sentiment here. mark: at wimbledon, the top seed on the men's side completed his stunning comeback from down from two sets. by match was suspended darkness yesterday after he evened things up at two sets each. maria sharapova is back for the first time since reaching the championship match in 2011. she still beat coco band away of the u.s. mayweather one the $500 million fight, now he has been stripped of the title because he did not pay wbo its $200,000 fee. mayweather has two weeks to appeal. there is one report he earned $300 million in the last year. thecom has reported that new york giants have withdrawn a $60

number of other media companies in discussion to buy the ft, one of which, the german publisher axel springer. we did get this news and shares spiked on that. you can see on the chart that we are bringing up for you right now. in terms of the reason for this, in the statement, pearson said the best way to enjoy the ft's journalistic success is for it to be a part of a global news company. newsi, the largest global organization in asia. magazines,ave books, digital media. over the last five years, digital circulation in the financial times has grown to represent 70% of the total, up from 24%. mobile driving almost half of all traffic. much --thank you so stephanie: thank you so much. olivia: general motors says you have not seen anything yet. sales were also stronger in china. ceo chuck stephens told bloomberg this morning that all of this sets the stage for the next six months. >> in the first half of the year, our performance has been driven by strength in north america and strong performance in china, and we would expect that to continue into the second half of the year. g.m. broke even in

up until one hour before the announcement that axel springer which had been working on this for a whilee thought to be the leaders and they were but nikkei came in with an offer and they got it. caroline: how will they help? this seems to be all about going digital. to combine their efforts from moving from traditional newspapers online and getting money out of them. >> i think it is a really good combination. they're are both been in collaboration agreements for maybe a couple years or so and they seem to have a really good mix of the brands that they get and they will get access into europe and the u.s. which is very important for nikkei as well. they are getting a very good brand who are respected with a big presence in europe and the u.s. which is what japanese companies are trying to go diversify geographically as much as they can. caroline: always great to have you on the show and thank you very much indeed. >> now it was disappointing news in china. the preliminary pmi unexpectedly fell to the lowest in 16 months and now it is formerly known as the hsbc pmi reading. the asian mar