Disney to acquire 21st Century Fox, Comcast drops out of bidding war

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Jenuall
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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Jenuall » Wed Jun 20, 2018 3:09 pm

I'd say Disney was the lesser of two evils in this case. Though it's probably a close call in many areas at least Disney do some good things!

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Moggy
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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Moggy » Wed Jun 20, 2018 3:12 pm

Jenuall wrote:I'd say Disney was the lesser of two evils in this case. Though it's probably a close call in many areas at least Disney do some good things!


I agree that Disney slightly edge it, they are horrible but I guess at least we might get the X-Men in the MCU if they win the bidding.

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Jenuall
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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Jenuall » Wed Jun 20, 2018 3:16 pm

You know you're dealing with a top class organisation when they have their own criticism page on Wikipedia! :lol:

Criticism of The Walt Disney Company

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Lagamorph
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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Lagamorph » Wed Jun 20, 2018 3:53 pm

Hopefully Fox/Disney will up the offer on Sky as well to keep it out of Comcasts hands.

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Garth
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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Garth » Wed Jun 20, 2018 7:04 pm

Disney Is Near U.S. Antitrust Approval on Fox in a Blow to Comcast

Walt Disney Co. is close to winning U.S. antitrust approval for its $71 billion deal for 21st Century Fox Inc.’s entertainment assets, according to a person familiar with the matter, creating a potentially insurmountable hurdle for a rival bid from Comcast Corp.

The Justice Department is set to approve the deal in as soon as two weeks, said the person, who declined to be named because the investigation is confidential. Disney has agreed to sell some assets to address competition problems stemming from the tie-up, according to the person.

Disney and Fox agreed in the merger agreement to sell assets including Fox’s regional sports networks.


The approval could clinch Disney’s takeover of Fox amid its battle with Comcast for one of the media industry’s biggest prizes. Fox on Wednesday accepted a sweetened bid from Disney, which upped its offer following Comcast’s $65 billion bid last week. The $38-a-share price is about $10 a share higher than what Disney offered in December -- and $3 above Comcast’s bid.

https://www.bloomberg.com/news/articles ... to-comcast

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Lagamorph
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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Lagamorph » Wed Jun 20, 2018 7:40 pm

Comcast are now considering a counter offer of $41/share in all cash :dread:

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Jenuall
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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Jenuall » Thu Jun 21, 2018 12:08 pm

How are Comcast so bloody rich?

I find it ironic that America, the land of capitalism, has allowed for such an obvious monopoly to exist that has resulted in such a monster.

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Moggy
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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Moggy » Thu Jun 21, 2018 12:10 pm

Jenuall wrote:How are Comcast so bloody rich?


Because they own everything, except Disney who own everything else.

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Jenuall
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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Jenuall » Thu Jun 21, 2018 12:25 pm

Moggy wrote:
Jenuall wrote:How are Comcast so bloody rich?


Because they own everything, except Disney who own everything else.


Hey Gary, what is it that Disney own again?


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Tomous
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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Tomous » Thu Jun 21, 2018 12:29 pm

Jenuall wrote:How are Comcast so bloody rich?

I find it ironic that America, the land of capitalism, has allowed for such an obvious monopoly to exist that has resulted in such a monster.


It's unbelievable how the US have allowed big companies like Comcast to bribe their way to monopolising the market. I think I saw 30% of America simply don't have a choice in who their IP provider is.

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Lagamorph
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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Lagamorph » Thu Jun 21, 2018 12:30 pm

Comcast aren't actually all that cash rich as they appear with these bids. They're taking out tens of billions of dollars in loans to afford it.
I think if they did purchase Fox then Comcast would be something like $160billion in debt.

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Hime
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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Hime » Thu Jun 21, 2018 12:41 pm

Lagamorph wrote:Comcast aren't actually all that cash rich as they appear with these bids. They're taking out tens of billions of dollars in loans to afford it.
I think if they did purchase Fox then Comcast would be something like $160billion in debt.

Is that definitely an indication of wealth? I thought lots of companies used loans rather than spend their own money?

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Jenuall
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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Jenuall » Thu Jun 21, 2018 12:48 pm

Hime wrote:
Lagamorph wrote:Comcast aren't actually all that cash rich as they appear with these bids. They're taking out tens of billions of dollars in loans to afford it.
I think if they did purchase Fox then Comcast would be something like $160billion in debt.

Is that definitely an indication of wealth? I thought lots of companies used loans rather than spend their own money?


According to their Wikipedia entry (I know, but the data does comes from their annual report!) they had $189 billion in assets as of the end of their last financial year and nearly $70 billion in equity so I don't think they are too hard up.

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Garth
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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Garth » Wed Jun 27, 2018 5:40 pm

Disney Wins DOJ Approval for Fox Assets
Will have to divest Fox’s regional sports networks

Walt Disney Co. has won approval from the U.S. Department of Justice in its $71.3 billion acquisition of Fox’s film and TV entertainment assets, the company announced Wednesday.

As per the terms of the approval, Disney will be required to divest Fox’s 22 regional sports networks it was set to gain in the acquisition.

“We are pleased that the DOJ concluded that, with the exception of the proposed acquisition of the Fox Sports Regional Networks, the transaction will not harm competition, and that we were able to resolve the limited potential concerns to position us to move forward with this exciting opportunity that will enable us to create even more compelling consumer experiences,” the company said in a statement.

https://www.thewrap.com/disney-expected ... ay-report/

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PostRe: Disney increases bid for 21st Century Fox to $71.3bn, Fox accepts offer
by Lagamorph » Wed Jun 27, 2018 5:44 pm

My only worry is Comcast deciding they have more money for Sky and Fox/Disney can't or won't outbid them.

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PostRe: Disney increases bid for 21st Century Fox, Fox accepts, DOJ approves (must divest regional sports networks)
by Lagamorph » Wed Jul 11, 2018 11:07 am

Fox have increased their bid for Sky :toot:

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PostRe: Disney increases bid for 21st Century Fox, Fox accepts, DOJ approves (must divest regional sports networks)
by Lagamorph » Wed Jul 11, 2018 10:14 pm

Noooooooooooo!



strawberry float strawberry float strawberry float strawberry float strawberry float


EDIT -

Goddamnit

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PostRe: Disney increases bid for 21st Century Fox, Fox accepts, DOJ approves (must divest regional sports networks)
by Garth » Thu Jul 19, 2018 2:59 pm

Comcast Drops Out of Bidding War With Disney for 21st Century Fox Assets

Comcast Corp. said it would bow out of its bidding war with Disney to acquire major 21st Century Fox assets, and instead focus on acquiring the European satellite TV provider Sky, likely clearing the way for Disney to take control of the Murdoch family’s Fox assets and intensify a looming battle with Netflix and other video-streamers for media-industry dominance.

“Comcast does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and, instead, will focus on our recommended offer for Sky,” the company said in a statement Thursday. Disney and Fox have agreed to a $71.3 billion deal that would have the California entertainment giant take control of the bulk of Fox’s assets, including the FX and Nat Geo cable netwoks, the 20th Century Fox film studio and Fox’s stake in the video-streaming site Hulu.

Brian L. Roberts, Comcast chairman-CEO, added: “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.”

https://variety.com/2018/biz/news/comca ... 202878103/

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PostRe: Disney to acquire 21st Century Fox, Comcast drops out of bidding war
by NickSCFC » Thu Jul 19, 2018 4:47 pm

So it's confirmed Disney are buy Fox and Comcast are buying Sky.

Neither wanted to buy both.

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PostRe: Disney to acquire 21st Century Fox, Comcast drops out of bidding war
by Lagamorph » Thu Jul 19, 2018 4:48 pm

If Disney can get through the Fox deal quickly they might be able to sweep Sky out from under Comcast under Chain purchase rules.

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