•   
  •   

Money Comcast offers $65 billion to lure Fox from Disney bid

07:06  14 june  2018
07:06  14 june  2018 Source:   reuters.com

Disney releases teaser trailer for 'Dumbo'

  Disney releases teaser trailer for 'Dumbo' Disney has released its first teaser trailer for Tim Burton's remake of the classic "Dumbo." The live-action film stars Danny DeVito, Colin Farrell, Alan Arkin, Eva Green and Michal Keaton.

Comcast Corp offered $ 65 billion on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co , setting up a bidding war Comcast ’s Roberts, who led a failed bid for Disney in 2004, now faces off against Disney Chief Executive Robert Iger, whose own dealmaking

Comcast Chief Executive Brian Roberts said he was highly confident regulators would allow Comcast to acquire most of Fox 's media assets after AT&T Inc's court victory on Tuesday, which allowed it to buy Time Warner Inc for billion . The fight to win Fox 's assets is shaping up to be.

a close up of a flag: A company flag flutters over Fox Studios in Los Angeles© REUTERS/Mike Blake A company flag flutters over Fox Studios in Los Angeles

Comcast Corp (CMCSA.O) has offered $65 billion ($AU85.7 billion) to lure Twenty-First Century Fox Inc (FOXA.O) away from a merger with Walt Disney Co (DIS.N), saying its all-cash bid was about 19 percent higher and launching the first salvo in what could be a bidding war between two of the largest U.S. media companies.

Comcast Chief Executive Brian Roberts said he was highly confident regulators would allow a Comcast-Fox deal after AT&T Inc's (T.N) court victory yesterday, which allowed it to buy Time Warner Inc (TWX.N) for $85 billion ($AU112 billion) .

News Corp chairman says Bruce Gordon making media deals 'difficult'

  News Corp chairman says Bruce Gordon making media deals 'difficult' News Corp Australia executive chairman Michael Miller says the Bermuda-based billionaire has made major Australian media consolidation “difficult”.US companies are in a period of major consolidation, with AT&T getting court approval to buy Time Warner for $US85 billion on Wednesday, and Comcast and Disney both vying for Murdoch’s 21st Century Fox.

(CMCSA.O) offered $ 65 billion on Wednesday to lure Twenty-First Century Fox Inc (FOXA.O) away from a merger with Walt Disney Co (DIS.N), saying its all-cash bid FULL updated Hall of Presidents 2017 with Donald Trump at Walt Disney World - Продолжительность: 24:24 Inside the Magic 337

Comcast Corp offered $ 65 billion on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co , setting up a bidding war Comcast ’s Roberts, who led a failed bid for Disney in 2004, now faces off against Disney Chief Executive Robert Iger, whose own dealmaking

Some analysts see some difficulties for Comcast-Fox, which would add Fox's movie and television studios to Comcast's NBC Universal, but Roberts said in a letter to Fox that he would offer the same conditions as Disney and promised to fight for the deal in court if necessary.

A woman walks past the NBC and Comcast logos on 30 Rockefeller Plaza in midtown Manhattan in New York© REUTERS/Lucas Jackson A woman walks past the NBC and Comcast logos on 30 Rockefeller Plaza in midtown Manhattan in New York Comcast is expected to lead a wave of traditional media companies trying to combine distribution and production to compete with Netflix Inc (NFLX.O) and Alphabet Inc's (GOOGL.O) Google. The younger firms produce content, sell it online directly to consumers and often offer lucrative targeted advertising.

Shares of Comcast, Fox and Disney were barely changed in after-hours trade.

Watch This Squirrel Become the Cutest Little Thief You've Ever Seen by Stealing M&Ms From Disney World

  Watch This Squirrel Become the Cutest Little Thief You've Ever Seen by Stealing M&Ms From Disney World He just hops away! All casual!That's what happened when these two friends caught a squirrel on video making off with a pack of peanut M&Ms, and honestly? It's delightful. Please watch.

Comcast Chief Executive Brian Roberts said he was highly confident regulators would allow Comcast to acquire most of Fox 's media assets after AT&T Inc's (T.N) court victory on Tuesday, which allowed it to buy Time Warner Inc (TWX.N) for billion . The fight to win Fox 's assets is shaping.

Telecommunications giant Comcast Corp. has made a $ 65 billion all-cash offer for 21st Century Fox , threatening to upend a deal with Disney . That was the signal Comcast was waiting for to make its move to outbid Disney for such Fox assets as FX Networks, National Geographic, a 30-percent stake

Comcast in a statement outlined an offer that was similar to Disney's, including a commitment to the same divestitures. It said that it would agree to litigate any action taken by the Justice Department to block the deal.

Comcast offered $35 ($AU46.17) per Fox share for the media assets, compared with Disney's stock offer, worth $29.18 ($AU38.49) per share at the close of trade on Wednesday.

AT&T closes $81B take over of Time Warner

  AT&T closes $81B take over of Time Warner AT&T has completed its $81 billion takeover of Time Warner, one of the biggest media deals ever. A federal judge approved the combination just two days earlier over objections by the Trump Justice Department that it would hurt consumers.The merger could shape the way consumers stream TV and movies and how much they pay, and stands to usher in a new era of accelerating change and deal making in the media and telecom worlds.The announcement came late Thursday from Dallas-based AT&T, a telephone, cable and satellite behemoth that now will own an array of TV networks and sought-after programming.

MOVIE NEWS FEED - Comcast Beats Disney With $ 65 Billion Off For Fox - Ewan McGregor to Play Adult Danny In The Shining Sequel - Samuel L Jackson Talks McAvoy’s Glass Performance - James Corden Is Title Voice In Super Intelligence. VIEWER TOPICS. PATREON SUPPORTER Mike Schaub

Comcast Corp offered $ 65 billion on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co , setting up a bidding war Comcast ’s Roberts, who led a failed bid for Disney in 2004, now faces off against Disney Chief Executive Robert Iger, whose own dealmaking

Comcast also offered a $2.5 billion ($AU3.3 billion) reverse termination fee if the deal did not go through, the same as Disney. It also offered to pay Fox's $1.525 billion  ($AU2 billion) breakup fee owed Disney, if Fox went with Comcast.

a sign on the side of a building: An entrance to Fox Studios is shown in Los Angeles, California© REUTERS/Mike Blake An entrance to Fox Studios is shown in Los Angeles, California

Comcast said it intended to pursue its $30 billion ($AU39.6 billion) acquisition of Sky Plc (SKYB.L) in parallel with its Fox bid. Comcast bid for Sky in April, after Fox's bid for the remainder of European pay-TV group it did not already own was delayed by regulators.

Justice Department lawyers who tried to stop AT&T's $85 billion ($AU112 billion) deal expect consumers will lose out as bigger companies raise prices, and some lawyers saw that as a concern in a Comcast-Fox deal which would put two movie studios and two major television brands under one roof.

"One cannot ignore the fact that there's less independent content to go around," after the AT&T deal, said Henry Su, an antitrust expert with Constantine Cannon LLP.

Still, the AT&T court fight gave Comcast valuable information about how to structure a Fox deal, said David Scharf, a litigation expert with Morrison Cohen.

Florida man arrested for threatening to commit mass shooting at Disney World

  Florida man arrested for threatening to commit mass shooting at Disney World A Florida man was arrested this week after he allegedly threatened to carry out a mass shooting at Walt Disney World in Orlando, Fla., ABC News reported . The man, Derek Eitel, reportedly posted his intent on a Facebook group.

(Reuters) – Comcast Corp (CMCSA.O) offered $ 65 billion on Wednesday to lure Twenty-First Century Fox Inc (FOXA.O) away from a merger with Walt Disney Co (DIS.N), saying its all-cash bid was about 19 percent higher and launching the first salvo in what could be a bidding war between

By Carl O'Donnell and Liana B. Baker (Reuters) - Comcast Corp offered $ 65 billion on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co , setting up a bidding war between two of the largest U.S. media companies with its 20 percent higher offer . Comcast Chief.

"Any deal that's coming down the pike that's not baked yet knows the government's playbook. They know what the government is concerned about," he said. "They can learn how to structure a deal to make it more palatable."

Disney itself has "surgically" structured a transaction that "might be doable," avoiding Fox Broadcasting and big Fox sports channels, U.S. antitrust chief Makan Delrahim said last week.

"I don't think either will have a significant advantage over the other," given that both Disney and Comcast seem motivated to divest what they need to win a deal with Fox, said Ketan Jhaveri, a former Justice Department attorney who served on the telecommunications task force.

Comcast may have a tough time winning over Fox's largest shareholder, Rupert Murdoch's family. They own a 17-per cent stake and would face a multi-billion dollar capital gains tax bill if he accepted an all-cash offer from Comcast, tax experts have told Reuters.

Craig Moffett, an analyst with MoffettNathanson, said in a research note that Disney could prevail for other reasons.

"Disney has the superior balance sheet, cost of debt, equity and rationale to emerge victorious over Comcast in a bidding war,” Moffett said.

The AT&T-Time Warner ruling is making the Murdoch family billions of dollars richer .
Disney has raised its offer to buy a bundle of Fox's assets by nearly $20 billion since its initial acquisition agreement in December.In December, Rupert Murdoch decided a $US52 billion offer from Disney fairly valued his bundle of Fox assets. Now he's staring at a bid that's almost $US20 billion higher.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!