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In letter to Murdochs, Comcast says it is 'highly confident' about financing, regulatory approval
Comcast bid for Fox assets is all in cash, reflects $65 billion equity value
Comcast bids $35 a share for Fox assets, 19% higher than Disney offer
The U.K. government on Tuesday indicated it wouldn't block a long-delayed deal by Rupert Murdoch's 21st Century Fox Inc. to consolidate ownership of British pay-TV giant Sky PLC, but would only give the green light after hashing out the details of a planned divestment of Sky's news operations.
LONDON--The U.K. government said Tuesday that it preferred not to block a long-delayed deal by Rupert Murdoch's 21st Century Fox Inc. (FOX) to consolidate ownership of British pay-TV giant Sky PLC (SKY.LN), but would only do so after hashing out the details of a planned divestment of Sky's news operations.
Sky shares up 0.6% in London after U.K. clears Comcast's bid for the broadcaster
U.K. culture secretary Matt Hancock is set to make a statement Tuesday on 21st Century Fox Inc.'s (FOX) bid to buy the 61% of Sky PLC (SKY.LN) it doesn't already own, which has been held up by regulators on media plurality concerns.
21st Century Fox Inc. said Wednesday it will hold a special meeting on July 10 to allow shareholders vote on its proposed $51.4 billion deal with The Walt Disney co. . Disney has agreed to buy Fox assets, including its film and TV studios and international pay-TV properties, but excluding the Fox News channel, Fox Business Network, Fox Broadcasting Co. and certain other assets. Fox said its board is recommending that shareholders vote in favor of the proposed deal. However, it also said it is aware of the recent press release from cable giant Comcast Corp. , stating that it is considering and in advanced stages of preparing a superior bid for the same assets. "Under the Disney Merger Agreement, if any event occurs that 21CF determines, after consultation with outside legal counsel, is reasonably likely to require under applicable law the filing or mailing of any supplemental or amended disclosure, 21CF may postpone or adjourn the special meeting of its stockholders to allow reasonable additional time for the filing, mailing, dissemination and review by its stockholders of any such disclosure prior to the special meeting," the company said in a statement. Fox shares were not active premarket, but have gained 43% in the last 12 months, while the S&P 500 has gained 14%.
Comcast made an unsolicited offer to buy most of 21st Century Fox for roughly $65 billion, kicking off a bidding war with Walt Disney as the two media titans jockey for position in a business undergoing tumultuous change.
Bankers advising AT&T and Time Warner breathed a sigh of relief after a judge blessed the companies’ union Tuesday. That’s because M&A advisers typically only get their considerable fees if a deal closes.
The approval of the AT&T-Time Warner deal doesn’t mean Comcast-Fox would pass muster too, which gives Disney an advantage.
AT&T’s victory in its legal battle to buy Time Warner likely handed a win to some of Wall Street’s biggest hedge funds, who had bet the deal would go through.
A judge’s approval of AT&T’s bid to buy Time Warner will bring a new wave of consolidation.
The merger of AT&T and Time Warner will bring bigger—not cheaper—packages of entertainment rather than a la carte, pay-as-you-go custom content, writes Christopher Mims.
Companies with shares expected to trade actively in Wednesday's session include AT&T, Time Warner, Comcast, 21st Century Fox, H&R Block, and Cardinal Health.
The AT&T ruling was a major blow for the Justice Department, putting its antitrust enforcers in the position of having to regroup quickly, as a heavy workload awaits them.
With a federal judge’s approval of AT&T-Time Warner, mega deal-making in media can commence.
Experts weigh in on the implications of Judge Richard Leon’s decision in the landmark trial.
A federal judge ruled that AT&T can proceed with its blockbuster acquisition of Time Warner without any conditions, marking a historic defeat for the Justice Department that could rewrite the media landscape and set the stage for other deals.
But the real question media moguls will ask themselves: Is Donald Trump listening?
A federal judge blessed AT&T Inc.’s takeover of Time Warner Inc. and soundly rejected the Justice Department’s arguments to stop the blockbuster deal.
Investors largely shrugged off a landmark summit between the leaders of the U.S. and North Korea, but a federal judge’s ruling that AT&T can proceed with its planned acquisition of Time Warner sparked fevered after-hours trading.
Approval of the deal pushes government to the sidelines and encourages media, tech and telecom companies to find partners to compete against Silicon Valley.
A court’s approval of AT&T’s merger with Time Warner paves a clear path for Comcast to bid for 21st Century Fox assets and could trigger a round of deal-making by smaller media companies trying to keep up with industry titans.
Wall Street his a new high-end price target on the shares.
The future of media could be decided in a federal courtroom in Washington Tuesday afternoon.
The 20-month antitrust battle over the AT&T-Time Warner merger comes down to a judge’s ruling Tuesday, a decision that will be felt throughout the telecom and media industries.
In a report released today, Brian Wieser from Pivotal Research maintained a Hold rating on ...[...]
Comcast made an unsolicited offer to buy most of 21st Century Fox for roughly $65 billion, kicking off a bidding war with Walt Disney as the two media titans jockey for position in a business undergoing tumultuous change.
Bankers advising AT&T and Time Warner breathed a sigh of relief after a judge blessed the companies’ union Tuesday. That’s because M&A advisers typically only get their considerable fees if a deal closes.
Fox acknowledges Comcast offer; more deal details
Comcast (NASDAQ: CMCSA) made an all cash offer for most of 21st Century Fox (NASDAQ: FOX) for $65 billion. Walt Disney (NYSE: DIS) had previously agreed to purchase the same assets for less. Disney may make a counter offer. At some point the price will be foolhardy, based on the cash flow and net profits [ ]
The approval of the AT&T-Time Warner deal doesn’t mean Comcast-Fox would pass muster too, which gives Disney an advantage.
Comcast offers breakup fee in bid to match Disney's Fox provisions
Comcast unveils $65B cash bid for Fox assets, setting up Disney war
AT&T’s victory in its legal battle to buy Time Warner likely handed a win to some of Wall Street’s biggest hedge funds, who had bet the deal would go through.
AT&T Set to Close Merger With Klarman’s Time Warner
Shares of Netflix (NFLX) moved nearly 2.5% higher in early morning trading Wednesday after the video streaming behemoth received its most bullish analyst call to date.
Premarket Gainers as of 9:05 am (06/13/2018)
Comcast slashed to Neutral by Raymond James; shares -4.3%
The merger of AT&T and Time Warner will bring bigger—not cheaper—packages of entertainment rather than a la carte, pay-as-you-go custom content, writes Christopher Mims.
Actually, There’s a Lot Going on in the Stock Market Today
Twenty-First Century Fox (FOX)(FOXA) has set July 10 as the tentative date for shareholders to vote on its plan to sell the majority of its assets to Walt Disney (DIS).
United States : AT&T wins court approval to buy Time Warner over Trump opposition
21st Century Fox Confirms Receipt of Unsolicited Acquisition Proposal from Comcast
Comcast Makes Superior All-Cash Proposal to Acquire Twenty-First Century Fox after Spinoff of “New Fox”
Today's Research Reports on Trending Tickers: Time Warner and Twenty-First Century Fox
FOX News Channel’s OBJECTified Hosted by Harvey Levin Returns for Season Two on Sunday, June 24th
New Research Coverage Highlights Monolithic Power, Ulta Beauty, Twenty-First Century Fox, Corium International, Independence Realty Trust, and Babcock & Wilcox Enterprises -- Consolidated Revenues, Company Growth, and Expectations for 2018
SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Twenty-First Century Fox - FOX
FOX News Expands America’s Newsroom with Bill Hemmer and Sandra Smith to Three Hours
21st Century Fox Sets July 10, 2018 Special Meeting For Vote On Merger Agreement With The Walt Disney Company
Blog Exposure - Twenty-First Century Fox Has a New Suitor in Comcast Corp.
Suzanne Scott Named Chief Executive Officer of FOX News
Senior Leadership Named for the Proposed New Fox
FOX News to Launch New Voter Analysis Polling System
21st Century Fox Reports Third Quarter Income From Continuing Operations Before Income Tax Expense Of $1.33 Billion And Total Segment Operating Income Before Depreciation And Amortization Of $1.89 Billion
Wall Street higher as energy stocks gain on oil rally
21st Century Fox to Acquire Seven Stations from Sinclair Broadcast Group
United States : Comcast prepares all-cash bid to gate-crash Disney-Fox deal: sources
FOX News Channel to Present Live Special Coverage of the Royal Wedding on Saturday, May 19th
United States : Redstone makes concessions on Viacom CEO in bid to clinch CBS deal: sources
FOX News Appoints Lily Fu Claffee General Counsel
Twenty-First Century Fox, Inc. is a media company, which engages in television broadcasting and film production. It operates through the following segments: Cable Network Programming; Television; Filmed Entertainment; Direct Broadcast Satellite Television, and Other Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of programming distributed through cable television systems and direct broadcast satellite operators. The Television segment offers broadcasting of network programming. The Filmed Entertainment offers production and acquisition of live-action and animated motion pictures for distribution and licensing in entertainment media. The Direct Broadcast Satellite Television segment involves in the distribution of basic and premium programming services via satellite and broadband directly to subscribers. The Other, Corporate and Eliminations segment comprises of corporate overhead and eliminations. The company was founded in 1979 and is headquartered in New York, NY. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
Walt Disney Co. | $155.11B | |
CBS Corp. Cl B | $19.86B | |
Time Warner Inc. | $75.27B | |
AMC Networks Inc. Cl A | $3.54B | |
Viacom Inc. Cl B | $11.63B |