21st Century Fox

Rupert Murdoch drops US$80bn Time Warner bid

21st Century Fox has dropped its bid for Time Warner, citing the negative impact it had on its share price and a lack of willingness on the part of the Time Warner board to explore the media mega-merger. Fox chairman and CEO Rupert Murdoch said the mooted US$80 billion (€60 billion) merger offered a “unique” […]

Sky Deutschland expects big subscriber boost in coming year

Pay TV operator Sky Deutschland expects to gain between 400,000 and 450,000 subscribers and full-year EBITDA in the range of €80-110 million in the new financial year after posting strong numbers for the quarter to June. Sky increased its overall direct subscribers by 82,000 in the quarter, taking its total to 3,813,000. Premium HD customers […]

Crispin Odey rejects BSkyB’s Sky Deutschland bid

Sky Deutschland minority shareholder – and Rupert Murdoch’s former son-in-law – Crispin Odey has rejected BSkyB’s offer to buy the outstanding shares in the Germany pay TV operator, saying it significantly undervalues the company. Fund manager Odey is Sky Deutschland’s second largest shareholder with a stake of around 8%. BSkyB has already indicated that its […]

Sky confirms £5 billion ‘Sky Europe’ deal

UK satcaster BSkyB has confirmed its takeover of European pay TV sister companies Sky Deutschland and Sky Italia. The agreement with 21st Century Fox will hand Sky 57.4% of the Germany business and 100% of Sky Italia. Sky will pay £2.9 billion (€3.66 billion) in cash for Sky Deutschland and £2.45 billion for Sky Italia […]

Google and Apple ‘could beat Fox to Time Warner’

Tech giants Google and Apple could try to grab Time Warner from under the nose of 21st Century Fox, according to corporate finance group Moody’s. Fox’s US$80 billion bid for Time Warner could “prompt other offers, even from technology giants”, Moody’s suggested. The fact Time Warner publicly acknowledged the Fox offer “puts the company in […]

BSkyB set to seal Sky Italia, Deutschland deals

BSkyB is reportedly planning to takeover sister companies Sky Italia and Sky Deutschland in the coming weeks, in a deal that would financially boost parent firm 21st Century Fox as its attempts to buy Time Warner. According to a Sunday Times report, Sky could seal the takeover of the two firms in the next two […]

Fears raised over mooted 21st Century Fox buyout of Time Warner

Analysts have warned of a “bloodbath” and rising pay TV costs for US consumers should 21st Century Fox’s mooted takeover of Time Warner go ahead, while also noting the combined entity’s ability to take on the likes of Netflix. Yesterday, CNBC broke news of the offer, which was tabled earlier this summer that, if accepted, […]

Broadcasters celebrate as Aereo ruled illegal

US broadcasters have come together in celebration after the Supreme Court ruled OTT streaming service Aereo illegal. The Supreme Court ruled by a majority of six to three that Aereo’s strategy of charging customers a monthly fee for retransmitted streams of US broadcast channels violated copyright and should stop. The judgement has been on the […]

BSkyB chooses banks for pan-European pay TV plan

UK pay TV operator BSkyB has hired Morgan Stanley and Barclays to advise on its plans to create a pan-European pay TV giant combining its operations with those of 21st Century Fox stable-mates Sky Deutschland and Sky Italia, according to a Reuters report. According to Reuters, citing a source familiar with the matter, both banks, […]

Fox, Apollo plan Endemol, Shine, Core merger

21st Century Fox plans to create a joint venture with fund manager Apollo Global Management that would house a combined group of Endemol, Shine and CORE Media. Fox confirmed the parties had entered into a “preliminary agreement” to create the venture, though it could not assure a proposed transaction would be completed. A combined Shine, […]