Drugstore giant CVS will buy Aetna, one of the biggest U.S. health insurers, for about $69 billion — one of the largest M&A transactions of the year. One of the biggest drivers of the deal is Amazon, which has been rumored to be preparing for an entry into the U.S. pharmacy business. The merger could transform CVS’s 9,700 pharmacy storefronts into community medical hubs for primary care and basic procedures. [The New York Times]
Disney is back in talks about buying some of 21st Century Fox’s assets, and Comcast is looking at the same stuff. The negotiations center on the 20th Century Fox movie and TV studio, international assets such as Fox’s 39 percent holding in U.K. satellite TV provider Sky PLC and India’s Star TV, along with some U.S. cable networks; Fox News and the Fox broadcast network are not included. [The Wall Street Journal]
Venture capitalist Fred Wilson warns of a slump in early-stage investing, which he says has slowed down substantially in the past few years. There are going to be fewer deals, Wilson says, but those are going to be bigger deals. [Fred Wilson / A VC]
Meet the man who is about to take the reins as CEO of HPE when Meg Whitman resigns in January. Antonio Neri, who has been with HP for 22 years, brings tech chops to a company in need of hit products. [Rachael King / The Wall Street Journal]
Top stories from Recode
Video will make up 75 percent of mobile traffic in five years.
That’s up from just over half of all traffic now.
Cristiano Ronaldo had nine out of the 10 most-liked sports-related Instagrams in 2017.
Beyonce took the No. 1 spot for the most liked-photo overall.
“Saturday Night Live” sexual harassment song showcases women’s daily nightmare.
“Welcome to Hell.”
Indian ride-hail player Ola just launched its own dockless bike-sharing service.
Using the same app as they would to hail a ride, Ola users can find the nearest dockless bike.
Learning about Silicon Valley in the 1970s is “like watching the Big Bang,” historian Leslie Berlin says.
On the latest episode of Recode Decode, Berlin talks about her book “Troublemakers,” which tells the stories of seven men and women who made the tech industry what it is today.
This is cool
Inside a secret, members-only Nintendo bar in an undisclosed location in Japan.
This article originally appeared on Recode.net.