for more, we are joined by reed stevenson. reed, wonderful to have you join us.ery much. let me look at the consortium of buyers. at last, we get them, but it's a complex group of payers. because the financing and the money on the table isn't all that clear. reed: exactly. is essentially, we have a private equity component, bain capital. then two japanese state-supported funds, the innovation network corp. of japan, which is really aimed at investing in new technologies and new areas, as well as the development bank of japan. and a competitor in the memory chip space is also joining, also in the form of debt, just to make sure that a they don't get caught up in any -- that they don't get caught up in any antitrust or regulatory hurdles. caroline: now we move forward, potentially, in terms of antitrust and regulatory hurdles. there were some issues with western digital not liking some of the people who were potentially going to be buying toshiba. have those sorts of issues been put to rest? reed: there are two main hurdles to think of at this point. one of them is

reed stevenson, thank you very much for getting up so early., cord cutting looks like it is here to stay. how it has changed the way media approaches television. this is bloomberg. ♪ caroline: there is a new wave of tv media streaming wars on the horizon. he became a billionaire with an influx from -- of cash. 21st century fox participated in a funding round for a streaming startup. back with us to discuss is my guest host, activate ceo michael wolf. he was a former board member of yahoo! and former president of mtv network. dig into some of these trends we are seeing. the shift for cord cutting is well and truly on. who are going to be the winners? michael: you haven't even begun to mention the names of all the other people who are now focused on digital video. facebook is going to produce shows. you've got buzzfeed, which is also producing shows. fusion media group, part of univision, is producing online shows. nbc with left field. we have a large number of companies who you would have said weren't on the web before, and they are now creating