Disney


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 […]

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 […]

Netflix stock market value passes Disney

Netflix stock market value rose to a record US$153 billion (€130 billion) on Thursday, temporarily surpassing Disney and making it the world’s most valuable media company for the first time. The streamer closed with a market capital of US$141.8 billion, as Disney clocked off with US$152.18 billion. The moment remains significant, highlighting the great strides […]

Comcast in ‘advanced stages’ of preparing all-cash offer for Fox

Comcast has confirmed that it is considering making an all-cash offer for the Fox assets that have been offered to Disney for US$52billion (€44 billion). In a statement, the corporation confirmed that it is, “considering, and is in advanced stages of preparing, an offer for the businesses that Fox has agreed to sell to Disney.” […]

‘New Fox’ names management team headed by Lachlan Murdoch

Twenty-first Century Fox (21CF) has named Lachlan Murdoch (pictured) as the executive chairman and chief executive officer for the proposed ‘New Fox’, which will be established as Disney purchases Fox assets in the coming year. The new structure will also see Rupert Murdoch serving as co-chairman and John Nallen, 21CF’s chief financial officer, taking a […]

Comcast ‘preparing’ potential new bid for Fox

Comcast is reportedly preparing a new bid for 21st Century Fox. Separately, the US cable and programming giant has notified the European Commission of its bid for Sky, according to reports. According to Reuters, Comcast has asked investment banks to extend a debt facility to the company by as much as US$60 billion (€50 billion), […]

ESPN+ launches with 30-day free trial

Disney’s new ESPN+ direct-to-consumer offering and new ESPN app have now gone live, with sponsorship from America Express and Audi respectively. ESPN+ is available for a seven-day free trial in the US, followed by a subscription fee of US$4.99 a month or US$49.99 for a full year. The service is also available for an extended […]

Rice: Disney/Fox acquisition to close by summer 2019

Peter Rice, president of 21st Century Fox, has told staff that the merger between Fox and Disney is set to be complete for Spring or Summer 2019. During a round of town hall meetings, the executive spoke to staffers offering reassurance and an update on the process, according to Deadline, which first reported the story. The deal […]

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