|Bid||34.18 x 3200|
|Ask||34.19 x 1000|
|Day's Range||34.06 - 34.45|
|52 Week Range||30.43 - 44.00|
|PE Ratio (TTM)||6.97|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||0.76 (2.26%)|
|1y Target Est||43.00|
Now as he decides how hard to fight for it, some on Wall Street are arguing that the European television company isn’t key to Disney’s future. As part of his proposed takeover of most of Fox, Mr. Iger has the chance to immediately boost his company’s international presence and new direct-to-consumer strategy by gaining ownership of Sky. Fox currently has a 39% stake in the European satellite company and internet provider and is bidding for the rest.
Both Comcast (CMCSA) and the Walt Disney company (DIS) are eyeing significant holdings of Twenty-First Century Fox (FOXA). The assets include Fox’s film and TV studios, cable networks FX, Fox Sports Regional Networks, Fox Networks Group, stakes in National Geographic Partners, Indian satellite TV group Star India, Hulu, UK-based satellite TV group Sky, and other vital assets.
Disney and Comcast are currently locked in a transatlantic bidding war for one of the entertainment industry’s most coveted assets.
Disney CEO Bob Iger and Comcast CEO Brian Roberts are in direct competition over Twenty-First Century Fox and Sky for one overarching reason: internet streaming. The appeal of Sky to the likes of Comcast or Disney is such that owning the firm would give them both a rare opportunity to diversify out of the U.S. and reach consumers more directly. Disney DIS and Comcast CMCSA are currently locked in a transatlantic bidding war for one of the entertainment industry’s most coveted assets.
After FCC Chairman Ajit Pai voiced his concerns over the proposed deal, shares of both Tribune (TRCO) and Sinclair (SBGI) plummeted. Just how important is it for the two firms to come together?
While the final chapter of this tale has yet to be told, there are reasons to believe that the House of Mouse will prevail in its bidding war against Comcast.
Several U.S. giants are hard at work on their next acts overseas, though one of the world's biggest is bracing for a minor EU setback.
Netflix says it has room to grow in terms of engagement, which it calculates as median view time. Average view time stats show Netflix still is a small portion of overall video watching time, with Nielsen reporting it only makes up 8 percent. However with more competitive services are entering the field, it may make it hard for Netflix to grow that metric.
Two entertainment giants, Walt Disney (DIS) and Comcast (CMCSA), are fighting over the assets of Twenty-First Century Fox (FOXA). Those assets include a 39% stake in London-based Internet service provider Sky. Fox and Comcast are both looking to acquire a 61% stake in Sky.
The Walt Disney Company (DIS) is set to acquire most of the media and entertainment assets of Twenty-First Century Fox (FOXA). Disney’s half cash and half stock offer values Fox at $71.3 billion, which is better than Comcast’s (CMCSA) all-cash $65 billion proposal made last month just a few weeks before Disney’s bid.
Last month, the board of Twenty-First Century Fox (FOXA) decided to go ahead with the Walt Disney Company’s (DIS) deal to sell most of its media and entertainment assets for $71.3 billion. The move has put rival bidder Comcast (CMCSA) under pressure to either hike its bid or move away from the deal. Disney initially made an all-stock bid of $52.4 billion in December 2017 and then raised its offer to $71.3 billion in cash and stock on June 20.
Disney fended off Comcast's $66 billion all-cash challenge to its deal for the Fox assets last month by sweetening its offer to $71 billion in cash-and-stock. Time is running out for Comcast to come back with a new offer, with Fox shareholders scheduled to vote on the Disney deal on July 27.
Last month, the Walt Disney Company (DIS) received federal approval from US regulators to buy a majority of the media and entertainment assets of Twenty-First Century Fox (FOXA) for $71.3 billion. Disney’s deal with Fox has raised concerns for Comcast (CMCSA), which wants Fox assets in order to fight streaming giants Netflix (NFLX) and Amazon (AMZN).
Comcast was in a bidding war with Disney over movie and television assets owned by Twenty-First Century Fox. Disney recently raised its offer for the Fox assets to $71 billion in cash and stock. Sources tell CNBC's David Faber that Comcast is focused on its bidding for Sky, which is 39 percent owned by Fox.
Philadelphia-based accelerator focused on media, entertainment, and connectivity attracts applications from hundreds of entrepreneurs around the globe
The stock of London-based Sky hit an 18-year high on Thursday after Twenty-First Century Fox (FOXA) and Comcast (CMCSA) both upped their bids to buy a 61% stake in Sky. The stock rose to 15.41 pounds that day and closed ~2.7% higher at 15.34 pounds after Comcast valued the company at ~26 billion pounds (or $35 billion). Sky stock has gone up 95% since Fox made its first bid of $15.5 billion in December 2016.
Twenty-First Century Fox (FOXA) and US broadcaster Comcast (CMCSA) are in a bidding war for London-based broadcaster and Internet service provider Sky, in which Fox already owns a 39% stake. Fox started with a bid of $15.5 billion in December 2016 for the remaining 61% stake, which was overtaken by Comcast’s higher bid of $31 billion. Fox made a higher offer of $33 billion but was outbid again by Comcast’s sweeter offer of $34 billion.
The chance of the DOJ winning its appeal may be slim, unless the government can prove one very important point: that U.S. District Court Judge Richard Leon was wrong in his application of the law to AT&T's acquisition of Time Warner.
The DOJ has a chance to win its appeal if it can convince the D.C. Circuit Court of Appeals that U.S. District Court Judge Richard Leon was wrong in his application of the law to AT&T's acquisition of Time Warner. Comcast's pursuit of Fox and other future vertical integration deals would be affected if the DOJ wins its appeal. The Department of Justice has not given up : It's still trying to block AT&T T 's acquisition of Time Warner (now named Warner Media).
Shares of WWE stock continued its historic run on Friday, trading as much as 6% higher after Morgan Stanley (MS) raised its price target for the firm to $100 from $58.
Comcast had used the earlier ruling to rebut concerns from Fox that its bid would face regulatory risk. AT&T’s deal for Time Warner married a company primarily focused on distributing content with one that produced it, just like Comcast’s bid for Fox. Comcast made its $65 billion offer for Fox a day after the ruling last month.