Media
Rupert Murdoch
*Total transaction value of $85.1 bln including debt. June 20- Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc's film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp's $65 billion offer. The new cash-or-stock deal may be attractive to Fox's largest shareholder, Rupert...
Disney has raised its offer to buy a bundle of Fox's assets by nearly $20 billion since its initial acquisition agreement in December.
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*Total transaction value of $85.1 bln including debt. June 20- Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc's coveted media assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp's $65 billion offer. The new cash-or-stock offer would be an incentive for Fox's largest shareholder, Rupert...
June 20- Walt Disney Co raised its bid for Twenty-First Century Fox Inc assets to $71.3 billion on Wednesday, sweetening its offer with cash as it looks to scuttle Comcast Corp's $65 billion offer last week. Disney's revised offer of $38 a share, which would be split 50-50 in cash and stock, is $10 higher than Disney's first bid in December 2017.
Disney chief Bob Iger "is not walking away," says Porter Bibb, managing partner at Mediatech Capital Partners.
June 20- Walt Disney Co sweetened its bid for Twenty-First Century Fox Inc assets to $71.3 billion on Wednesday, topping Comcast Corp's $65 billion offer last week. The new offer of $38 a share, which would be split 50-50 in cash and stock, is $10 higher than Disney's first bid in December 2017. Fox shares jumped 8.5 percent to $48.50 in premarket trading, while...
Disney is offering more than $71 billion for Fox's entertainment businesses in a counterbid to Comcast's nearly $66 billion offer. The battle for Twenty-First Century Fox reflects a new imperative among entertainment and telecommunications firms. The bidding war comes after AT&T bought Time Warner for $81 billion.
A bidding war for Fox's movie production and other assets has raised the price of a deal by nearly $20 billion since December.
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Twenty-First Century Fox's board is set to decide on whether to entertain Comcast's $65 billion cash bid for the New York-based media company.
June 20- Twenty-First Century Fox Inc's board is set to decide on Wednesday whether to entertain Comcast Corp's $65 billion cash bid for the New York- based media company or stick with its roughly $52 billion all-stock offer from Walt Disney Co, people familiar with the matter said. Disney and Comcast are battling to win Fox's movie and television studios at a...
The UK's Media Secretary said the revised undertakings will "help to ensure that Sky News remains financially viable over the long term, free from any potential outside influence."
LONDON, June 19- Britain said Rupert Murdoch's Twenty-First Century Fox had answered its remaining doubts about the independence of Sky News if the U.S. company buys all of its parent Sky, paving the way for a takeover battle over the pay-TV group. Fox in April offered to spin off Sky News to Walt Disney Co to head off objections that Murdoch could have too much...
LONDON, June 19- Britain said Rupert Murdoch's Twenty-First Century Fox had answered its remaining doubts about the independence of Sky News if it buys all of its parent Sky, paving the way for a takeover battle over the pay-TV group. Media Secretary Matt Hancock said Fox had secured a commitment from Disney to operate Sky News for 15 years rather than 10 years, an...
Proving that Elizabeth Holmes and former Theranos President Ramesh Balwani were lying to investors, and not just deluded about her ability to disrupt the health-care industry, won’t be an easy task for prosecutors, the New York Times reports.
June 15- Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company's former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the U.S. Justice Department announced on Friday. The charges against Holmes, 34, and Ramesh Sunny Balwani, 53, were announced shortly after the privately...
June 15- Blood testing company Theranos Inc said on Friday its founder, Elizabeth Holmes, would step down as chief executive officer, amid fraud charges leveled against the privately held firm. Once called the Steve Jobs of biotech, Holmes started Theranos aged 19 and the company was soon considered a Silicon Valley darling with a $9 billion valuation based on...
The Securities and Exchange Commission in March accused Holmes of "massive fraud" in connection with Theranos.
That could be the largest check ever written to the IRS, tax experts say.
Ben Silverman, former NBC Entertainment co-chairman and Propagate Content co-CEO, discusses how the AT&T and Time Warner merger helps legacy media companies compete with big tech players like Facebook and Apple.
CNBC’s Robert Frank takes a look at the potential tax bill for Rupert Murdoch after the bidding war over Fox assets between Comcast and Disney settles down.
