‘New Fox’ the part of 21st Century Fox that will remain following Disney’s acquisition of the bulk of Fox’s entertainment assets, could buy back the US regional sports networks that Disney must sell to secure regulatory approval for the deal, according to Fox executive chairman Lachlan Murdoch. Speaking at the New York Times Dealbook conference […]
Comcast has closed its purchase of 21st Century Fox’s holding in Sky, with a 75% share in the company overall. With this majority stake Comcast’s ownership now becomes unconditional, with Sky’s listing on the London Stock Exchange set to be cancelled on November 7. In light of the news, James Murdoch has stepped down from […]
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 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 […]
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, […]
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. […]
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 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 […]
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. […]
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 […]
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