|Bid||48.56 x 900|
|Ask||48.60 x 1000|
|Day's range||48.53 - 49.18|
|52-week range||24.81 - 49.24|
|PE ratio (TTM)||22.47|
|Earnings date||7 Aug 2018 - 13 Aug 2018|
|Forward dividend & yield||0.36 (0.96%)|
|1y target est||42.90|
Walt Disney raised its bid for Twenty-First Century Fox assets to $71.3 billion as it looks to scuttle Comcast's $65 billion offer last week. Fred Katayama reports.
Media giant Disney (DIS) has recently made a higher bid than rival bidder Comcast (CMCSA) for most of the assets of 21st Century Fox (FOXA). Disney is now offering more than $71.3 billion for Fox’s film, television, and entertainment assets, around 36% higher than its initial bid of $52.4 billion in December. Following the announcement, Comcast shares were up 1.77% to $33.39 on June 20, while Disney closed up 0.99% to $107.15 per share.
(Adds Advent International, EchoStar, Steinhoff, Abu Dhabi National Oil Co) June 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Friday: ** Brazil's ...
Four out of 10 acquisitions of technology companies have come from companies in other industries, PricewaterhouseCoopers deals team said a report Thursday.
Twenty-First Century Fox Inc (NASDAQ:FOXA) saw a significant share price rise of over 20% in the past couple of months on the NasdaqGS. With many analysts covering the large-cap stock,Read More...
The S&P 500’s top gainers on June 20 were: 21st Century Fox Class A (FOXA) gained 7.5%. 21st Century Fox Class B (FOX) gained 7.3%. Apache (APA) gained 5.6%. Walgreens Boots Alliance (WBA) gained 5.3%. Ansys (ANSS) gained 3.4%. Twenty-First Century Fox
The bond market has its money on Disney winning a bidding war for 21st Century Fox. Just last week Comcast made a $65bn bid for Fox, after reading good things in the tea leaves of Judge Richard Leon's decision allowing AT&T to buy Time Warner. On Wednesday, Disney upped the stakes, raising its offer to $71bn -- notably, this time around it offered as much as half of that in cash (i.e.
Asian stock markets mostly rose Thursday as concern fades over the trade tensions between the U.S. and China. Uncertainty remains, but the original tariff threats made earlier in the week were not followed ...
Walt Disney Co. raised its offer to purchase most of 21st Century Fox to more than $71.3 billion in cash and stock, topping an unsolicited offer from rival Comcast Corp. and escalating the bidding war for the coveted media properties. Disney’s new offer is far higher than its original deal, $52.4 billion in stock, and surpasses Comcast’s all-cash offer of roughly $65 billion. In addition to having the higher offer, Disney said it also has a regulatory advantage over Comcast in winning a company to help it fight back against new-media competitors like Netflix Inc.
Walt Disney Co.’s blockbuster track record, along with some unique quirks of comic book history, explain why it can top Comcast’s bid for 21st Century Fox’s entertainment assets. Disney has released the top-grossing film world-wide in six of the last seven years, according to Box Office Mojo. Analysts at MoffettNathanson estimate that Disney accounted for over half the profitability of the top five movie studios last year.
Jim Cramer says the spoils would go to the loser and the winner of Disney and Comcast's brewing bidding war over key Twenty-First Century Fox assets.
Stocks regained some momentum today, but not enough for the Dow Jones Industrial Average to break its losing streak. •...examine another day of gains for 21st Century Fox (FOXA). Stocks ended mixed on Tuesday, with only the Dow unable to halt its seven-day slide.
Earnings from Kroger and a reading on the labor market will be among the highlights on the economic and corporate schedule on Thursday.
According to Bloomberg, 21st Century Fox (FOXA) is planning to begin discussions regarding a deal with media giant Comcast (CMCSA) in regards to Fox assets, thus paving the way for a bidding war with rival Walt Disney (DIS). Rupert Murdoch, who owns a 17% stake in Fox, earlier agreed to the deal with Disney in December 2017 for an all-stock offer of $52.4 billion. But Fox’s board is now planning to consider Comcast’s superior all-cash offer of $65 billion, announced last week.
On a day the major benchmarks were mixed, Disney and Twenty-First Century Fox reached a new agreement and Starbucks forecast disappointing sales.
Disney (DIS) just announced its new $70 billion offer for an array of 21st Century Fox (FOXA) assets, outbidding both Comcast's (CMCSA) unsolicited deal and its initial offer. Disney's bid represents a large amount of money even for the historic entertainment giant, so let's take a quick look at the latest deal before we dive into why Disney wants it so badly.
Stocks that moved substantially or traded heavily Wednesday: Twenty-First Century Fox Inc., up $3.37 to $48.08 The media company accepted a new offer from Disney to its entertainment divisions for more ...
The Disney-Comcast media bidding war will go up to around $45 a share before Disney wins, says media expert Porter Bibb.
Media giant Walt Disney (DIS) is making a 15-year funding commitment to Sky News, a unit of London-based Sky, which is an acquisition target of both Comcast (CMCSA) and 21st Century Fox (FOXA). The current budget of Sky News is around 90 million pounds per year. Disney’s commitment includes funding Sky News with at least 100 million pounds (or $132 million) per year for the next 15 years, which is up from the ten-year funding guarantee it had offered previously.