M&A


Comcast closes Sky purchase with a majority share

Comcast has closed its purchase of 21st Century Fox’s holding in Sky, with a 75% share in the company overall. With a majority stake Comcast’s ownership now becomes unconditional, with Sky’s listing on the London Stock Exchange set to be cancelled on November 7. In light of the news, James Murdoch has stepped down from […]

ITV rules out Endemol Shine purchase

ITV has said that it will not make a bid for Endemol Shine, joining the likes of Germany’s RTL which has also ruled itself out. “In light of continued press speculation, ITV confirms that it has no current intention of making a bid for Endemol Shine Group,” the company said in a statement to investors on Wednesday morning (October […]

‘New Fox’ reveals key leadership team

Lachlan Murdoch, the future chairman and CEO of Fox after Disney purchases key assets from the company, has revealed leadership appointments across distribution, ad sales operations and corporate functions. As Disney looks to close its $71.3bn deal for key Fox entertainment assets, ‘New Fox’ will be home to branded properties such as Fox News Channel, […]

Sky urges shareholders to accept Comcast offer

Sky has advised its shareholders to accept Comcast’s $39bn takeover days after the US telecom giant’s knockout bid for the business. In a statement released on Monday (24 September), Sky said: “As the price of the Comcast Offer is materially superior, it is in the best interests of all Sky shareholders to accept the Comcast […]

Fox extends offer for Sky as auction deadline looms

21st Century Fox has extended its deadline for Sky shareholders to accept its £14 a share offer for the company until October 6, following a similar move by rival Comcast next week. Fox’s move sets the scene for a sealed auction to kick off after the September 22 deadline for Fox to raise its bid. According […]

YouGov: 48% of UK consumers worry about US media dominance

Half of UK media consumers are worried that US companies moving to the nation will mean they apply more control over its media, according to a YouGov report commissioned by sales platform Matrix Solutions. The survey conducted in the UK asked 2,117 consumers about their perceptions of US media companies purchasing UK companies. It was conducted […]

Newen acquires stakes in Dutch and Danish prodcos

TF1-owned Newen is acquiring equity stakes in two production companies: Pupkin, from the Netherlands and Nimbus, from Denmark. The acquisition reflects Newen’s focus on drama in Europe, as the French company broadens it footprint to territories outside of its own. In May 2017, the company also created a £50 million (US$54.8 million) drama investment fund […]

21st Century Fox invests $100m in Caffeine

Twenty-First Century Fox has invested US$100 million in Caffeine, a social broadcasting platform for gaming, entertainment led by former Apple TV exec Ben Keighran. Fox invested in both Caffeine, which is currently still in a ‘pre-release’ phase pending its official launch, and a newly formed venture called Caffeine Studios, which is jointly owned by Fox […]

RTL withdraws interest in Endemol Shine purchase

German broadcaster RTL has withdrawn its interest in buying Endemol Shine as it focuses on growth initiatives such as building mass-audience VOD services and expanding FremantleMedia’s drama output. The FremantleMedia-owner revealed that it had dropped out of the race to purchase Endemol Shine, according to Reuters. “On Endemol Shine, we stepped out of the process,” […]

Disney must offer £14 a share for Sky, says UK’s takeover body

The UK’s Takeover Panel has confirmed that Disney must offer at least £14 a share for Sky if its upcoming acquisition of Fox assets is completed. If Disney completes a deal to by 21st Century Fox’s TV and film assets, which includes a 39% stake in Sky, it will be forced to make an offer […]

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