M&A


Disney/Fox shareholders approve $71.3bn merger

21st Century Fox and Disney shareholders have approved the acquisition of Fox’s entertainment business by Disney. Fox shareholders approved the company’s merger agreement with Disney and the agreement for the distribution of shares related to the spin-off of the ‘new Fox’ company headed by Lachlan Murdoch that will house Fox News and Fox Business Network as […]

Viacom confirms Awesomeness TV acquisition

Viacom has confirmed that it will acquire Awesomeness TV, a digital-first destination for original programming aimed at a Gen Z audience (those born in the mid-90s onwards). While Viacom did not state how much it would pay for the acquisition, The Hollywood Reporter has revealed that it is likely to be US$25 million plus debt. […]

Nine and Fairfax announce $4bn merger

Commercial TV network Nine Entertainment this morning confirmed it had agreed a merger deal with one of Australia’s most venerable legacy media companies, Fairfax Media. The deal will see Nine take a controlling 51.1% stake in Fairfax, and will create a company with a combined market value of $4.2bn. The company will take the Nine […]

Comcast drops bidding war with Disney

Comcast has dropped the bidding war with Disney to acquire assets from 21st Century Fox and will instead focus on the acquisition of Sky. “I’d like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company,” Comcast chairman-CEO Brian Roberts said […]

TBI Weekly: Is it the end of HBO as we know it?

John Stankey’s bid to “alter and change” HBO’s direction got people talking this week. Is this the end of the boutique operation as we know it? While talking to staffers on the impact the network’s recent merger with AT&T would have, he said the outfit would have to get “bigger and broader”. Despite never uttering […]

US gov’t to appeal merger go-ahead for AT&T, Warner

The US Department of Justice (DOJ) is to appeal the court decision approving the merger of AT&T and Time Warner in a move that surprised the US telecom giant. “The Court’s decision could hardly have been more thorough, fact-based, and well-reasoned.  While the losing party in litigation always has the right to appeal if it […]

Comcast ups Sky bid to £26bn as bidding war continues

Comcast has raised its cash offer for Sky to £26 billion ($34 billion) after Fox’s cash bump to £24.5 billion earlier this week. The offer takes Comcast’s bid up to £14.75 per share. The media giant said that its increased offer has been recommended by the Sky Independent Committee of Directors. “The Increased Offer represents […]

21st Century Fox ups Sky bid to £24.5bn

Twenty-first Century Fox has increased its offer for Sky to £24.5 billion (€27.7 billion), outbidding rival Comcast which made a £22.1 billion approach for the pay TV operator earlier this year. Fox’s increased offer of £14 for each Sky share marks a 12% premium on Comcast’s £12.50 per-share offer and is roughly 30.2% higher than the initial […]

Comcast lines up buyers for Fox sports assets

Comcast is lining up potential buyers for 21st Century Fox regional sports networks (RSNs) in an attempt to ease antitrust concerns about a new bid to acquire the majority of Fox’s assets, according to Reuters. The media giant is talking to private equity firms, including Apollo Global Management and Blackstone Group LP, about acquiring the […]

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 […]