M&A


TBI Weekly: Disney may win the Fox race

This week, the bidding war between Disney and Comcast for Fox assets got all the more valuable as the mouse house upped its offering to $71.3 billion (£53.7 billion). The move may well be the final blow to Comcast, with 21st Century Fox describing the bid as “superior”. “We are extremely proud of the businesses […]

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 […]

Altice abandons acquisition of Portuguese broadcaster Media Capital

Atlice has abandoned its attempt to acquire the leading Portuguese broadcaster and production group Media Capital in the face of lack of progress to secure regulatory approval of the deal. Altice said that, one year after signing the contract and with no outcome of the regulatory process in site, it was calling time on the […]

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 […]

Turner Int’l invests in UK kids edutainment distributor

Turner International’s Digital Ventures & Innovation (DV&I) group has made an equity investment in Bright Little Labs (BLL), a UK startup that creates and distributes edutainment content for kids. The funding will be used to fuel BLL international expansion in terms of creative development and distribution. The investment will enhance BLL’s current offering by leveraging […]

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 […]

CBS shareholders launch class action lawsuit against National Amusements

CBS shareholders have officially launched a class action lawsuit against its majority stakeholder National Amusements, investment firm of Sumner Redstone and family. The suit claims that National Amusements, now run by Redstone’s daughter Shari Redstone, has breached its fiduciary duty. Class B shareholders of CBS claim that Redstone has not acted in the company’s best […]

TBI Weekly: UK broadcasters band together

As major global entertainment companies increasingly pursue M&A activity to fend off the threat of tech organisations, we’ve recently seen signals from UK broadcasters that collaboration is high priority for them too. Just this week, it was revealed that the BBC is considering a joint venture with ITV to take over UKTV – part owned […]

Comcast prepares all-cash offer for 21st Century Fox

Comcast has confirmed that it is considering making an all-cash offer for the Fox assets that have been offered to Disney for $52billion. 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.” These assets […]

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