21st Century Fox

Fox makes more appointments ahead of Disney takeover

Fox, the company that will emerge after Disney completes it  US$71.3bn acquisition of 21st Century Fox’s key entertainment assets, has appointed its top government relations and corporate communications execs. Hope Hicks, who most recently served as White House communications director and director of strategic communications for president Donald Trump, has been appointed as Fox’s executive vice-president and […]

21st Century Fox exits Sky by selling 39% stake to Comcast

21st Century Fox has agreed to sell its 39% stake in Sky to Comcast after the US pay TV giant emerged triumphant from an intense bidding process over the weekend. With the move Rupert Murdoch, who is chairman of 21st Century Fox, cashes out his interest in Sky – a company that he launched in the UK nearly […]

Fox ‘considering options’ as Comcast deals knockout blow for Sky

Sky’s stock has jumped in value after the pay TV operator’s independent board recommended shareholders accept its superior offer in the sealed bidding process carried out at the end of last week, with Fox “considering its options” over its 39% stake in the company. “As the price of the final Comcast Offer is materially superior, […]

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 […]

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