Disney hikes bid for Fox assets to $71.3 billion, tops Comcast
21 June, 2018, 01:47 | Author: Angelina Schmidt
As we've previously reported, the sale to either Disney or Comcast would include 21st Century Fox's film and television studios, cable entertainment networks, the Fox Sports Regional Networks, and global properties including Star in India and Fox's 39-percent ownership of Sky across Europe. Disney's latest enticement is worth $71.3 billion in cash and stock - almost $19 billion north of the company's $52.4 billion bid, which Fox accepted last December.
Deadline reports most analysts and industry observers had expected Disney to match Comcast, but not go so much higher.
Fox said it would now allow shareholders to evaluate Disney's amended offer.
In a call with analysts, Iger said he believes Disney's bid is superior to Comcast's from a regulatory perspective, and said that six months of dealing with regulators both in the USA and internationally has given Disney a 'meaningful head start'.
Disney said on Wednesday it is raising its offer because Fox's value increased due to "tax reform and operating improvements".
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The US government is now suing to block a merger between Time Warner, and the telecoms giant AT&T. "Direct-to-consumer distribution has become an even more compelling proposition in the six months since we announced the deal".
The new cash-or-stock deal may be attractive to Fox's largest shareholder, Rupert Murdoch, who owns 17 percent voting shares along with his family. Insiders speculated that Comcast would again provide a counter bid, but with federal approval imminent it could be a moot point.
'Above $80 billion would be a tough pill to swallow for Disney shareholders given the steep price, ' he said.
Mr Murdoch, whose family trust has an economic interest of 16.6% in Fox, stunned the media industry when, just before Christmas previous year, he agreed to sell most of the company to Disney in a deal that would represent the biggest shake-up in Hollywood since the 1930s - bringing together respectively the fourth and second largest movie studios in Tinseltown. Comcast and Disney each own a 30 percent stake in Hulu and Time Warner holds 10 percent.
UN High Commissioner for Human Rights Zeid Ra'ad al-Hussein on Monday called on Washington to halt its " unconscionable " policy . Haley is decrying the membership of countries like China, Cuba and Venezuela that are themselves accused of rights violations.
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In particular, he applauded Indigenous senators for raising concerns about the lack of consultation with Aboriginal communities. It sets out parameters around the production, possession, safety standards, distribution, and sale of marijuana.
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Air strikes were also carried out against an infrastructure site and a vehicle linked to the hostile balloon activity. Palestinian rioters in Gaza prepare to set a kite on fire to be flown across the border into Israel , May 11, 2018.
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The committee feels strongly that the US military has to be better prepared and equipped to dominate in space, Thornberry said. However, critics have said the treaty has no enforcement mechanism, allowing the US or other countries to militarize space .
However, against the run of play in the 23rd minute, Iceland pushed forward through Birkir Bjarnason and Aron Gunnarsson . For example, guys from bigger countries may have better footballers, from better teams who are playing in better leagues.
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XXXTentacion Dead After Being Shot in Florida
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Samsung Chromebook Plus (V2) costs $500 with built-in pen
So besides the front-facing 1-megapixel camera , you also get a rear-facing 13-megapixel shooter with f/1.9 and autofocus. It is a 2-in-1 portable device that can convert into a touchscreen tablet simply by folding the laptop by 360 degrees.