Comcast


Sky bid heats up for Fox, Comcast

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 – and […]

Fox sets shareholder meeting to asses Disney offer

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 Murdoch […]

US Justice Department approves Disney’s $71.3bn Fox bid

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 […]

Disney’s odds look promising as it ups Fox bid to $71.3bn

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 […]

Endemol Shine hires banks for possible $4bn sale

Endemol Shine Group, the production company co-owned by 21st Century Fox and Apollo Global Management, has hired Deutsche Bank and Liontree to seek a sale that may be worth $4 billion, according to reports. Both Fox and Apollo have agreed to sell their stakes if a buyer is found, according to CNBC which first reported […]

Sky independent committee welcomes EC Comcast approval

Sky’s independent committee has welcomed the European Commission’s decision at the end of last week to clear Comcast’s proposed acquisition of Sky. The EC concluded on Friday that the deal would reaise no competitoin concerns in Europe. The Commission concluded that Comcast and Sky are “mainly active in different markets” in the countries in which […]

Comcast confirms bid for Fox’s TV and studio 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 gov’t 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 shareholder vote on Disney

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

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