Tag Archives: 21st Century Fox

Comcast Ends Bidding War with Disney Over 21st Century Fox


In December of 2017, The Walt Disney Company announced they had entered into an agreement to acquire Twenty-First Century Fox for $52.4 billion in stock. This deal became muddled when the Comcast Corporation tried to undermine the deal by placing a $65 billion all-cash bid on the table. This set off a bidding war between […]


Comcast Counters 21st Century Fox’s Latest Bid for Sky News


Coming just a day after 21st Century Fox increased their bid to acquire the 61% stake of Sky PLC that they don’t already own, Comcast has countered with their new offer. According to today’s press release from Comcast, the offer is now £14.75 per Sky share, up from their most recent offer of £12.50 per […]


21st Century Fox Outbids Comcast to Acquire Remainder of Sky


21st Century Fox has just increased their bid to obtain the 61% stake of Sky that they don’t already own. 21st Century Fox and Sky have announced that they’ve reached agreement on an increased recommended pre-conditional cash offer for the fully diluted share capital of Sky which they do not already own at a price […]


Fox Shareholder Looks to Prevent Disney Acquisition; Files Lawsuit


On Friday in a Delaware federal court, Robert Weiss, a Fox shareholder, filed a lawsuit opposing Disney’s proposed purchase of the majority of 21st Century Fox. The Walt Disney Company finalized the deal with Fox back in December which has the potential to reshape Hollywood as we know it. According to The Hollywood Reporter, executives […]


Shareholders at Both Disney and Fox Set to Vote on $71 Billion Offer


Update — 7/21/18: Disney has confirmed the reported date and time on their investor relations site, and announced that the meeting will be webcast live, beginning at the 10am scheduled start time. According to filings with the Securities and Exchange Commission, both The Walt Disney Company and 21st Century Fox have scheduled shareholder meetings on July […]


Disney Wins Antitrust Approval on 21st Century Fox Acquisition


UPDATE 1:00 p.m.: The U.S. Department of Justice (DOJ) has cleared Disney’s acquisition of 21st Century Fox. The following details are directly from The Walt Disney Company’s release that was issued immediately following the clearance. The DOJ has entered into a consent decree with Disney and 21st Century Fox that allows the acquisition to proceed […]


Disney Offers to Undertake Sky News Operation for 15 Year Period


The Walt Disney Company has presented an arrangement to U.K. regulators that it would operate Sky News for a 15-year block of time. During this time, Disney would not sell Sky News without the permission of the U.K. government authorities. This proposition would give Sky News funding of $132 million a year for the 15-year […]


Disney Responds to Comcast’s Bid for 21st Century Fox Assets with Significant Increase


The Walt Disney Company has just raised its bid to purchase the majority of 21st Century Fox for $71.3 billion. This new bid amounts to $38 per share in cash and stock. Disney will also assume approximately $13.8 billion of net debt of 21st Century Fox. The acquisition price carries a total equity value of […]


Fox Board to Consider Comcast Offer During Wednesday Meeting


21st Century Fox board members will discuss the recent $65 billion Comcast bid for their assets at a regularly scheduled meeting next week, according to Bloomberg sources. Comcast put forth the bid on June 13th, one day after a federal judge approved AT&T’s acquisition of Time Warner. Fox owner Rupert Murdoch had chosen the $52.4 […]


Comcast Makes $65 Billion Bid for Fox to Undermine Disney Deal


As was expected, given yesterday’s approval by a federal judge of AT&T’s acquisition of Time Warner, Comcast has just placed a $65 billion all-cash bid on 21st Century Fox assets, approximately 19% higher than The Walt Disney Company’s current $52 billion deal with the company. Prior to the December 2017 joint announcement by Disney and […]