Posts Tagged "21st Century Fox"

Comcast has triumphed over 21st Century Fox and Walt Disney in the auction for Sky with a £30.6bn bid in a deal that will redraw the global media landscape. Comcast’s £17.28 a share bid beat a rival £15.67 a share bid from Fox, which was backed by Disney, and came in the third and final round of an auction when each bidder was asked to make their best offer for the broadcaster. The Comcast offer values Sky at almost £4bn more than the Disney-Fox bid

Rupert Murdoch’s 21st Century Fox posted an offer document for its 14 pounds a share bid to buy Sky late yesterday evening, but did not raise its bid to top rival Comcast’s

The cold war between 21st Century Fox and Comcast over ownership of Sky has finally turned hot, as yesterday evening the US cable operator swooped in with a £26bn bid, hours after the Murdoch camp improved its own offer

Rupert Murdoch’s 21st Century Fox has kicked off a potential bidding war with US entertainment giant Comcast after making a new offer for the 61pc of Sky it does not already own that values the UK-based broadcaster at £24.5bn

Walt Disney hit back in the bidding war for 21st Century Fox’s prized entertainment and distribution businesses yesterday with a $71.3 billion offer that trumped Comcast’s rival bid.

One day after AT&T got court approval for its big Time Warner acquisition, Comcast formally made a $65 billion bid for 21st Century Fox’s businesses, which had intended to sell various businesses to Walt Disney

Comcast has gatecrashed Rupert Murdoch’s takeover of Sky with a rival £22bn offer, sparking a bidding war for Britain’s biggest pay-TV broadcaster. The media and telecoms company, which owns NBC Universal and is the largest cable operator in the US, has made an all-cash offer of £12.50 a share, a 16% premium on the offer from Murdoch’s 21st Century Fox, which values Sky at about £19bn.

Nils Pratley of The Guardian writes: The wily media mogul finds himself in a battle to secure a Hollywood ending to his reign. Rupert Murdoch risks being out manoeuvred in a frenzy of media deal-making. 

Sale of 21st Century Fox assets includes stakes in Sky in the UK and Hollywood film studio as tycoon focuses on Fox News and newspapers

Disney acquires the 39 per cent of Sky currently owned by Fox and “full ownership” of the broadcaster if and when its ongoing takeover bid is completed, according to the terms of the deal

Rupert Murdoch’s 21st Century Fox has agreed to sell its entertainment assets to Disney in a $66bn (£49bn) deal that transforms his media empire by offloading a 39% stake in Sky

According to the FT: Walt Disney is closing in on the entertainment assets of Rupert Murdoch’s 21st Century Fox in an all-share deal that stands to reshape Hollywood and the rapidly digitising global media industry. The deal, valuing the Fox assets at about $60bn including debt, could be announced as early as Thursday, according to people briefed on the negotiations.

The Fox boss James Murdoch is reportedly being considered as a potential successor to Bob Iger, chief executive of Walt Disney, if the two companies reach agreement on a possible takeover.

Cable and media giant Comcast has reportedly approached 21st Century Fox about a possible acquisition, a move that comes after Disney was also reported to be circling Rupert Murdoch’s media empire. 21st Century Fox’s share price shot up in after-hours trading following the news on Thursday, first reported by CNBC. It is unclear whether the cablecompany is exploring a purchase of all or part of Fox, which owns Hollywood studios 20th Century Fox and Fox Searchlight as well as the Fox news and sports channels.

Reports that 21st Century Fox is willing to sell most of its assets may indicate the media clan are backing away – or is it just a way to achieve their dreams of scale?

21st Century Fox is in talks with private equity giant Blackstone to buy Tribune Media, one of America’s largest television station operators, sources familiar with the matter have said.

His wooing of Time Warner chief executive Jeff Bewkes in the summer of 2014 was similarly quick, but less successful. Back then, the media world was gripped by the audacious bid from Mr Murdoch’s 21st Century Fox for Time Warner, a rival that owns Warner Brothers, HBO and Turner television

James Murdoch has said that 21st Century Fox is not happy being a partial shareholder in pan-European pay-TV broadcaster Sky

In the second major broadcast-legacy media mashup deal of the week, Rupert Murdoch’s 21st Century Fox has taken a majority stake in National Geographic Society’s media assets, including National Geographic magazine, in a deal valued at $725 million

The old mogul’s bid is a bold one. But with such a prize in play, might the new media giants – the tech companies – step in?