21st Century Fox


Sky bidding war in prospect as Fox set for green light

21st Century Fox is expected to receive a green light from culture secretary Matt Hancock to take control of Sky this week, triggering a potential bidding war for the UK-based pay TV operator with Comcast. Hancock’s clearing of the deal is expected to conditional on Fox selling Sky News – most likely to Disney – […]

Fox sets date for Disney vote as investor calls for Comcast to be given chance

21st Century Fox has called a special meeting of stockholders on July 27 to vote on Disney’s amended merger offer for the bulk of Fox’s assets. The Fox board has recommended that shareholders vote in favour of the amended agreement. However, shareholder The Children’s Investment Fund Management (TCI) has reportedly called on Fox chairman Rupert […]

US Department of Justice clears Disney bid for Fox assets

The US Department of Justice (DoJ) has approved Disney’s bid for Fox assets, so long as it divests 21st Century Fox’s 22 regional sports networks. A lawsuit was filed by the DoJ’s Antitrust Division to block the acquisition if the mouse house did not divest Fox’s sports assets. Approval was granted once Disney agreed to […]

Fox says Comcast deal would ‘carry more regulatory risk’

21st Century Fox has said that a deal with Comcast would carry more regulatory risk than one with Disney, even in the wake of the failed US Department of Justice attempt to block the merger of AT&T and Time Warner. In an SEC filing that outlined 21st Century Fox’s board’s reasons for recommending Disney’s revised […]

Disney ups 21st Century Fox bid to $71.3 billion

Disney has upped its bid for Twenty First Century Fox’s film and television assets to US$71.3 billion, bettering the US$65 billion offer that rival bidder Comcast made last week. In a statement, 21st Century Fox said that it has entered into an amended and restated merger agreement with Disney that it described as “superior” to the […]

UK accepts 21CF-Sky terms after Disney sweetens Sky News pledge

The UK government has accepted deal terms between 21st Century Fox and Sky, following an improved commitment from Disney to operate Sky News for a period of 15 years. UK culture secretary Matt Hancock said that new deal terms had been offered that meet the criteria he laid out in parliament earlier this month – namely that […]

Comcast makes firm US$65bn bid for Fox assets

As widely expected, Comcast has made a firm bid for 21st Century Fox’s TV and studio assets following a US court’s rejection of the US Department of Justice’s case against the merger of AT&T and Time Warner. The US cable and media giant has offered US$35 a share in cash for Fox, a 19% premium […]

US judge accepts AT&T Time Warner merger without conditions

A US Federal judge has ruled that AT&T’s US$85 billion acquistion of Time Warner is legal, without placing any conditions on the merger of the telecom and media giants. Shares in Time Warner jumped on the news. US District Court judge Richard Leon urged the US government not to seek a stay in implementing the […]

UK sets scene for Sky bidding war between Fox and Comcast

The UK government has approved 21st Century Fox’s proposed takeover of Sky on the condition that Sky News is divested, clearing the path for a Fox showdown with Sky’s other bidder, Comcast. In a statement to parliament yesterday, UK culture secretary Matt Hancock said that details will now be finalised over how Sky News can be divested “in […]

Fox sets date for shareholder vote on Disney bid

Fox has set a date for a shareholder vote on July 10 to determine the US$52 billion (€45 billion) sale of 21st Century Fox assets to Disney. The move arrives one week after Comcast announced that it is prepared to outbid Disney with an all-cash offer. Fox has said that it could postpone the meeting should […]