21st Century Fox

Fox extends Sky deadline as sealed auction looms

21st Century Fox has extended its deadline for Sky shareholders to accept its £14 a share offer for the company until October 6, following a similar move by rival Comcast next week. Fox’s move sets the scene for a sealed auction to kick off after the September 22 deadline for Fox to raise its bid. […]

21CF invests US$100m in social video platform Caffeine

Twenty-First Century Fox has invested US$100 million (€86 million) in Caffeine, a social broadcasting platform for gaming, entertainment led by former Apple TV exec Ben Keighran. Fox invested in both Caffeine, which is currently still in a ‘pre-release’ phase pending its official launch, and a newly formed venture called Caffeine Studios, which is jointly owned […]

Comcast extends deadline for Sky shareholders

Comcast has extended its deadline for Sky shareholders to accept its £14.75 (€16.50) a share offer for the pay TV operator after receiving acceptances from fewer than 1% of holders of ordinary shares. Comcast has now extended the closing date for acceptances until September 12. Comcast said shareholders who had not yet accepted the deadline […]

UK Takeover Panel rules Disney must pay £14 a share for Sky

The UK Takeover Panel has confirmed that Disney would be obliged to pay £14 (€15.70) a share to take control of the remaining part of Sky that 21st Century Fox does not own. if 21st Century Fox fails to gain to control of the operator before the completion of Disney’s acquisition of Fox’s entertainment business. […]

Fox sees broadcast TV bounce back in final quarter

21st Century Fox demonstrated greater resilience of broadcast TV in the three months to June, auguring well for its post-Disney sale future, with solid growth in its television segment from US$1 billion (€0.9 billion) last year to US$1.14 billion for the last quarter, boosted by higher retransmission revenue and advertising revenue from the FIFA World […]

Iger unveils plans for ‘Disney Play’ streaming service

Disney is “on track” to launch its Disney-branded streaming service late next year, with “numerous original projects currently in various stages of development and production”, according to CEO Bog Iger. Speaking to analysts after the company reported less-than-stellar Q3 results, Iger said that Disney will “continue to move full steam ahead with our direct-to-consumer strategy”, […]

Fox sticks with £14 a share for Sky but switches to public offer

21st Century Fox has posted its £14 a share offer for the 61% of Sky it does not already own to shareholders without topping Comcast’s superior offer of £14.75 a share, potentially postponing the day when the UK pay TV operator’s fate will be decided. Fox had until this Friday to decide how to respond […]

Fox and Disney shareholders say yes to deal

21st Century Fox and Disney shareholders have approved the acquisition of Fox’s entertainment business by Disney. Fox shareholders approved the company’s merger agreement with Disney and the agreement for the distribution of shares related to the spin-off of the ‘new Fox’ company headed by Lachlan Murdoch that will house Fox News and Fox Business Network […]

Comcast drops out of Fox race to focus on Sky

Comcast has dropped the bidding war with Disney to acquire assets from 21st Century Fox and will instead focus on the acquisition of Sky. “I’d like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company,” Comcast chairman-CEO Brian Roberts said […]

Department of Justice chances of success ‘remote’, says AT&T chief

The possibility that the US Department of Justice will succeed in overturning a court decision that enabled AT&T to go ahead with its acquisition of Time Warner is “remote”, according to AT&T chief executive Randall Stephenson. Stephenson told CNBC that the DOJ’s intervention “changes nothing” in relation to the company’s plans to integrate Time Warner […]

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