Communications Services Up on Tech Bias — Communications Services Roundup

Communications services companies rose, but not by as much as the broad market, as risk-hungry investors sought out the tech sector.

U.S. District Judge Leonie Brinkema heard opening statements in the Justice Department's case alleging Alphabet's Google has an unlawful grip on the market for software used to buy and sell digital ads, known as ad-tech.

Shares of Ubisoft Entertainment plunged after minority investor AJ Investments called for the maker of the Assassin's Creed videogame franchise to go private and install a new management team.

Verizon Communications rose sharply as traders digested its plans to buy fiber network giant Frontier.

Angela Zepeda, until recently the top marketer at Hyundai Motor America, will become the new global head of marketing at social-media platform X Corp.

Activist investor Starboard Value said News Corp, which publishes this newswire, should eliminate its dual-class share structure, saying it gives too much influence to the family of Rupert Murdoch.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

September 09, 2024 18:04 ET (22:04 GMT)

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