Breaking Disney has acquired 21st Century Fox’s film and TV studios in a landmark deal

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vinit said:
Disney has a clear edge over rival Comcast
A new report from Deadline indicates that, with a little over three weeks left until Fox's shareholders will vote on Disney's massive $71.3 billion cash and stock offer for Fox's assets, Disney's offer is not only more lucrative overall but also has tax advantages the Comcast offer simply doesn't have. This, along with pledged support of the Disney offer by the Murdoch family, is enough to make Disney the likely victor.


With the Department of Justice having approved Disney acquisition bid with the caveat that they will have to sell off Fox's regional sports networks to avoid ESPN-related monopoly concerns

Fox has set July 27 as the meeting date for its stockholders to vote on Disney’s $73 billion dollar buyout offer

Disney Has Edge Over Comcast for Fox Acquisition, Analysts Say
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I don't think it's going to be successful voting.
 
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  • Fox increased its offer to £14 per share on Wednesday morning, up from £10.75 per share.
  • Fox, which already owns a 39 percent stake of Sky, said it had secured the backing of the independent committee of Sky for the deal.
  • Sky is seen as one of the media industry’s most coveted prizes for U.S. companies looking to expand their operations to Europe and to compete with upstarts like Netflix and Amazon.
  • Fox raised its offer for the 61 percent of Sky it does not own to 14 pounds a share, valuing the group at $32.5 billion only to see Comcast come back with a $34 billion bid.



21st Century Fox increases bid for UK broadcaster Sky in battle with Comcast
 
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Comcast's new offer trumps Fox’s $32.5bn to acquire Sky
MUMBAI: The conflicting parties in bidding war to acquire Sky are leaving no stones unturned. Following the $32.5 billion offer from Rupert Murdoch’s 21st Century Fox, US cable giant Comcast also increased its offer valuing Sky at $34 billion. European pay TV group Sky with 20 million subscribers is a lucrative option for both the firms to extend their business in a Netflix-Amazon era.

Comcast's new offer trumps Fox’s $32.5bn to acquire Sky
 
  • Comcast was in a bidding war with Disney over movie and television assets owned by Twenty-First Century Fox.
  • Disney recently raised its offer for the Fox assets to $71 billion in cash and stock.
  • Sources tell CNBC's David Faber that Comcast is focused on its bidding for Sky, which is 39 percent owned by Fox.
Comcast unlikely to raise Fox bid; focused on Sky: Sources
 
vinit said:
  • Comcast was in a bidding war with Disney over movie and television assets owned by Twenty-First Century Fox.
  • Disney recently raised its offer for the Fox assets to $71 billion in cash and stock.
  • Sources tell CNBC's David Faber that Comcast is focused on its bidding for Sky, which is 39 percent owned by Fox.
Comcast unlikely to raise Fox bid; focused on Sky: Sources
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SKY and Star are the major television properties of Fox.Acquiring Fox without Sky is not much worth for Disney.
 
  • Disney CEO Bob Iger and Comcast CEO Brian Roberts are in direct competition over Twenty-First Century Fox and Sky for one overarching reason: internet streaming.
  • The appeal of Sky to the likes of Comcast or Disney is such that owning the firm would give them both a rare opportunity to diversify out of the U.S. and reach consumers more directly.
  • CNBC takes a look at how things stand in one of the most intriguing global media battles in decades.


Disney, Comcast and Fox: All you need to know about one of the biggest media battles ever
 
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