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disney sweetens bid for rupert murdoch's fox to $90b, trumping comcast


"it does not want to use its stock in a deal at these low levels," sweeney said.fox shares jumped as much as 8.3 per cent on wednesday, sending them to a record high. disney rose 1.5 per cent as of 1:17 pm in new york, while shares of comcast climbed 1.7 per cent.at&t effectthe tussle follows at&t's victory over the us justice department in its antitrust battle to take over time warner. that outcome is expected to spur a wave of media consolidation, emboldening companies to get more aggressive with deals.the disney-comcast contest will determine who controls much of rupert murdoch's empire, including fox's movie and tv studios, television networks such as fx, and multichannel providers like star india and sky.loadingbut the two sides aren't vying for all of fox. part of the business ...






fox hunt: rupert murdoch set to cash in as comcast's $86b offer sets up bidding


murdoch, 87, also wasn't swayed by comcast's overtures because the cable company didn't offer a breakup fee. comcast said last month that its new offer would be at least as favorable to fox shareholders as disney's terms. indeed, the proposal unveiled on wednesday includes a $us2.5 billion termination fee -- similar to what disney has offered.loading"we are pleased to present a new, all-cash proposal that fully addresses the board's stated concerns with our prior proposal," roberts, 58, said in a letter to rupert murdoch and his sons, lachlan and james, who also serve as fox executives."we are also highly confident that our proposed transaction will obtain all necessary regulatory approvals in a timely manner and that our transaction is as or more likely to receive regulatory appro...






comcast offers $31 billion for murdoch’s sky


photo: daniel leal-olivas, afp/getty images image 1of/1captioncloseimage 1 of 1comcast has offered a higher bid for british pay-tv giant sky than the one from sky’s part-owner 21st century fox and its purchaser disney.comcast has offered a higher bid for british pay-tv giant sky than the one from sky’s part-owner 21st century fox and its purchaser disney. photo: daniel leal-olivas, afp/getty images comcast offers $31 billion for murdoch’s sky1 / 1back to gallerycomcast has made a $31 billion bid to acquire european pay-tv provider sky in an aggressive move to wrest the service away from rupert murdoch’s 21st century fox — and the walt disney co.comcast corp., which owns nbcuniversal wants to expand its international portfolio. the london sky satellite television service...






what if murdoch is still foxing with disney?


vast numbers of trees and countless electrons have been sacrificed to analysis of and commentary on rupert murdoch's deal to sell most of 21st century fox to disney. what if it's all been wrong and the wily old rupert is foxing?most of the commentary has run on one or both of two themes: family succession issues – lachlan the crown prince, james out – and the need to get bigger or get out of hollywood in the face of netflix and non-media disrupters of "adland". much of the analysis of the fox-disney deal has focused on the murdoch succession, with rupert (left) favouring lachlan. photo: david paul morriswhatever the family machinations, the deal makes sense on the second count, empowering disney by loading it up with content depth for its merchandising and own subscription ch...






comcast bids $29.5 billion for british broadcaster sky, challenging murdoch’s of


london — comcast, the owner of nbc and universal pictures, has launched a bid for european pay tv broadcaster sky that threatens to thwart a rival offer by media mogul rupert murdoch’ 21st century fox.the move appears not only opportunistic but aimed at disrupting the european expansion of arch-rival disney, which is currently looking to take over fox.comcast said tuesday it is offering 22.1 billion pounds ($29.5 billion) for london-based sky. the proposed cash deal values each sky share at 12.50 pounds, which is 16 percent more than what fox had bid to buy the 61 percent of sky it does not already own. “we think that sky would be very valuable to us as we look to expand our presence internationally,” comcast ceo brian roberts said.part of what makes sky attractive to u.s. companie...






rupert murdoch and donald trump: a friendship of convenience


the calls to the white house come at least once a week. "murdoch here," the blunt, accented voice on the other end of the line says.for decades, rupert murdoch has used his media properties to establish a direct line to australian and british leaders. but in the 44 years since he bought his first newspaper in the u.s., he has largely failed to cultivate close ties to an american president. until now.matt damon's father dies of cancervideo duration01:04previous slidenext slidevideo duration00:48disney buys us$52.4 billion of murdoch ...disney buys us$52.4 billion of murdoch empirewalt disney co has agreed to buy film, television and international businesses from rupert murdoch's twenty-first century fox.matt damon's father dies of cancervideo duration01:04video duration01:04matt damon...






how the disney-fox megadeal could impact the news media


walt disney co has struck a deal to buy film, television and international businesses from rupert murdoch's twenty-first century fox inc for $52.4 billion in stock. (reuters)disney's $52.4 billion holiday shopping spree puts 21st century fox's entertainment assets under mickey mouse's christmas tree but leaves the fox broadcast network, fox news and fox business with rupert murdoch.“this merger seems to be explicitly not about the news businesses,” said ben gomes-casseres, a former world bank economist who specializes in mergers and acquisitions at the brandeis international business school.ah, but what about side effects? what might murdoch do with his pared-down company? and will disney, with all its new toys, devote sufficient attention to abc news?“what murdoch would do with ...






comcast bids $29.5 billion for british broadcaster sky, challenging murdoch’s of


london — comcast, the owner of nbc and universal pictures, has launched a bid for british pay tv broadcaster sky that threatens to thwart the takeover ambitions of media mogul rupert murdoch.the firm is offering 22.1 billion pounds ($29.50 billion) for sky. the proposed cash offer values each sky share at 12.50 pounds, which represents a 16 percent premium to the bid made by murdoch’s 21st century fox.comcast ceo brian roberts called sky “an outstanding company” that would boost comcast’s global presence. “we think that sky would be very valuable to us as we look to expand our presence internationally,” he said.he noted that comcast already has a strong presence in london and would use sky as a “platform” for growth in europe.sky operates in austria, germany, ireland and ...






the 'activist' betting against murdoch's disney deal


murdoch, you might recall, struck a surprise deal to sell most of fox to disney for about $us60 billion in stock last year – a deal that many viewed as his symbolic retreat from a media landscape increasingly dominated by internet giants such as netflix and amazon.according to regulatory filings, fox actually rejected a higher bid from an unnamed third party before agreeing to the deal with disney because it was worried the other proposal wouldn't get past antitrust regulators.whatever transaction rupert murdoch wants approved will be approved due to his ongoing support of president trump.btig media analyst rich greenfieldwe now know that rival bid was from comcast – the biggest pay tv and internet provider in the us, which also owns a vast array of media assets including tv network n...






business news roundup, april 4


disney looksto buy skysky news could be sold to walt disney or completely ring-fenced in concessions put forward tuesday by rupert murdoch’s 21st century fox as it seeks to bolster its chances of taking full control of british satellite broadcaster sky.the proposals are designed to ease some of the regulatory concerns over the extent of murdoch’s influence on british media if his 21st century fox is cleared to buy the 61 percent of sky it doesn’t already own for $16.4 billion.technologynow playing: disney has offered to buy sky news to help rupert murdoch push through his multibillion euro takeover of pay-tv group sky. murdoch wants to buy the 61% of sky his company 21st century fox does not already own, but ctitics says this will give him too much media influence in the uk. ...






rupert murdoch's 21st century fox held talks to sell most of company to disney,


rupert murdoch-controlled twenty-first century fox has held talks to sell most of the company to walt disney co, cnbc reported, citing unnamed people familiar with the matter.fox's shares rose 5.8 per cent to $us26.40 in afternoon trading in response. disney's shares were up 1.2 pct at $us99.86. rupert murdoch's 21st century fox and disney had held talks in the last few weeks, cnbc has reported. photo: frank augsteinthe cnbc report said the two sides were not talking currently, but had held talks in the last few weeks, reflecting a view among fox managers that the firm could not gain the size needed to compete with amazon, netflix and other major media players. a disney spokesman did not immediately respond to a request for comment while fox was not immediately available for comme...






rupert murdoch's 21st century fox eyes a sale to walt disney


the house of mouse may soon be the new owner of a majority of 21st century fox’s film and tv properties. walt disney co. is in talks to buy the movie and tv production studios of rupert murdoch’s 21st century fox, cnbc reported, citing sources familiar with the matter. shares of fox jumped monday on the heels of speculation that murdoch might be unloading the entertainment segment of his los angeles-based company — even though the talks were described as on and off . if a deal were struck, it would not include fox news channel, according to one person familiar with discussions. disney, which already owns abc, can’t own two broadcast networks.disney ceo bob iger confirms plans to step down in 2019 fox’s regional sports network would also be carved out of any s...






lachlan murdoch will run father's empire after disney deal, fox says


21st century fox's lachlan murdoch, the eldest son of media magnate rupert murdoch, plans to take the helm of the remaining business after its proposed deal to sell sold most of the media empire's entertainment assets to walt disney co.the executive will assume both the ceo and chairman jobs at the company, which is being referred to as new fox. rupert murdoch will become co-chairman, alongside his son. john nallen, currently fox's chief financial officer, will take on the expanded role of chief operating officer, 21st century fox said in an emailed statement.lachlan murdoch (left) will be ceo of the new fox company, with his brother james (right) expected to depart.photo: bloombergthe widely expected move comes as fox tries to complete the disney deal, which involves selling about $us5...






with disney deal looming, murdoch's empire is fractured


in the late northern summer, verizon communications came to rupert murdoch with a surprise acquisition offer.verizon - locked in battle with at&t, which was then finalising its $us85.4 billion takeover of time warner - wanted to buy pieces of twenty-first century fox, murdoch's television and film conglomerate. representatives of the two companies secretly met at least once to discuss a merger.schapelle corby unveils debut songvideo duration00:26previous slidenext slidevideo duration00:48disney buys us$52.4 billion of murdoch ...disney buys us$52.4 billion of murdoch empirewalt disney co has agreed to buy film, television and international businesses from rupert murdoch's twenty-first century fox.schapelle corby unveils debut songvideo duration00:26video duration00:26schapelle corby un...






walt disney to buy 21st century fox assets in $68b breakup of murdoch empire


walt disney has struck a deal to buy film, television and international businesses from rupert murdoch's 21st century fox for $us52.4 billion ($67.8 billion) in stock as the world's largest entertainment company seeks even greater scale to combat growing digital rivals netflix and amazon.under the deal, disney acquires significant assets from fox, including the studios that produce the blockbuster marvel superhero pictures (x-men, deadpool) and james cameron's avatar franchise, as well as hit tv shows such as the simpsons. media proprietor rupert murdoch with his sons james, right, and lachlan, left. photo: apfox stockholders will receive 0.2745 disney shares for each share held and will end up owning about a quarter of disney.disney's global footprint also expands with the acquis...






fox's crown prince lachlan murdoch keeps investors guessing


the news that july day in 2005 sent shockwaves through corridors of power around the world: the crown prince of the murdoch empire was out.seemingly out of the blue, lachlan murdoch, then all of 33, had abdicated as the heir apparent to one of the world's most powerful media dynasties. his father, rupert, it seemed, would have to look elsewhere for his successor.actor aaron jefferys survivor of 'paedophile ring'video duration00:40previous slidenext slidevideo duration00:48disney buys us$52.4 billion of murdoch ...disney buys us$52.4 billion of murdoch empirewalt disney co has agreed to buy film, television and international businesses from rupert murdoch's twenty-first century fox.actor aaron jefferys survivor of 'paedophile ring'video duration00:40video duration00:40actor aaron jeff...






comcast submits sky offer, going head-to-head with fox


london – u.s. cable company comcast corp submitted a $31 billion offer for pay-tv group sky on wednesday, challenging an already agreed but lower takeover bid from rupert murdoch’s fox.comcast, which first outlined an offer at the same price in february, said it would continue to engage with the sky’s independent directors with a view to obtaining a recommendation for its deal.twenty-first century fox, which already owns 39 percent of sky, said it remained committed to its recommended cash offer for sky announced on dec. 15 2016, and was currently considering its options.“a further announcement will be made in due course,” it said.fox’s deal has been held up to scrutiny by regulators, who have concerns about the influence murdoch could wield through owning all of the broadcaste...






trump seems happy about disney’s purchase of fox


investors weren’t the only ones happy with the disney-fox deal on thursday — president trump appeared to be a fan, too.see alsodisney completes mega-deal for 21st century fox entertainment assets it’s official: bart simpson and the x-men are moving to... trump called fox executive chairman rupert murdoch right after the deal was announced to congratulate him, white house spokeswoman sarah huckabee sanders told reporters.“the president spoke with rupert murdoch earlier today, congratulated him on the deal and thinks that, to use one of the president’s favorite words, that this could be a great thing for jobs,” she said. “and he certainly looks forward to and is hoping to see a lot more of those created.”in the deal, though, disney said it expects to net at least $2 b...






rupert murdoch still bedridden after new year's fall on lachlan's yacht


for those who came in late, rupert murdoch had a slip up on lachlan murdoch’s yacht early in the new year and had to be helicoptered out and spent some time in hospital with a back injury.it took two weeks for the news to surface, in a vanity fair report saying he was out of hospital. it included an excerpt from an email he had apparently sent to senior managers: “while i am well on the road to recovery, i have to work from home for some weeks. in the meantime, you’ll be hearing from me by email, phone and text!" jerry hall and rupert murdoch. photo: apcompany insiders point out that a bad back saw rupert laid up in bed for a month last year.more than four weeks later, february 11, murdoch held a fundraiser for the los angeles fire department at his bel air winery, according to...






major setback for rupert murdoch in $19 billion sky takeover


rupert murdoch may have to wait another six months to find out whether his long quest to buy sky will become a reality after british authorities on thursday asked regulators to further examine 21st century fox's deal for the european satellite giant.the announcement was part of a split decision on 21st century fox's 11.7 billion pound, or $19.8 billion, deal to take over the remainder of sky that it does not already own. the government also ruled that mr murdoch and other company executives were "fit and proper" to hold broadcasting licenses in britain. rupert murdoch's bid to buy sky in the uk has stalled. photo: apmr murdoch, who is executive chairman of 21st century fox, has long tried to cement his legacy by adding sky to his company's stable of global media assets. the med...






arabian night set to herald rupert murdoch's return


that was on march 21, and his recovery seems to have gathered pace if the latest unsourced report is to be believed.illustration: john shakespearerupert will apparently host the crown prince of saudi arabia, mohammed bin salman, at a dinner at his bel air winery, moraga estate, on easter monday with a guest list packed with hollywood heavy hitters.this includes disney chief executive bob iger - who is trying to bed down the acquisition of $us50 billion ($65 billion) worth of 21st century fox assets in a deal that will tear up murdoch’s empire - and the succession plans for his two sons lachlan and james murdoch.21st century fox declined to comment on the dinner, or rupert's health, when contacted by cbd.murdoch has been hidden away at moraga since he was medevaced out from the caribbean...






rupert murdoch says ‘nothing’s happening at fox news.’ here’s a list of ‘nothing


whoever is in charge of briefing rupert murdoch on company affairs must really be dropping the ball. the executive chairman of 21st century fox told a bbc journalist monday that “nothing's happening at fox news.”i know that murdoch ceded some power to his sons a couple of years ago, but you'd think that james and lachlan would at least keep their old man in the loop, right?i'm kidding, of course. and murdoch is kidding himself, if he thinks anyone buys into his breathtaking denial.murdoch's exchange with the bbc's amol rajan was pretty short — it was an impromptu interview on the street in new york — so i've annotated the full transcript, below, using genius. to see an annotation, click on the yellow, highlighted text.i've also compiled a timeline of all the “nothing...






rupert murdoch says ‘nothing’s happening at fox news.’ here’s a list of ‘nothing


whoever is in charge of briefing rupert murdoch on company affairs must really be dropping the ball. the executive chairman of 21st century fox told a bbc journalist monday that “nothing's happening at fox news.”i know that murdoch ceded some power to his sons a couple of years ago, but you'd think that james and lachlan would at least keep their old man in the loop, right?i'm kidding, of course. and murdoch is kidding himself, if he thinks anyone buys into his breathtaking denial.murdoch's exchange with the bbc's amol rajan was pretty short — it was an impromptu interview on the street in new york — so i've annotated the full transcript, below, using genius. to see an annotation, click on the yellow, highlighted text.i've also compiled a timeline of all the “nothing...






rupert murdoch introduced ‘my friend donald j. trump.’ their friendship is kind


news corporation chairman and ceo rupert murdoch introduced president trump at a speech on the uss intrepid may 4 in new york. (peter stevenson/the washington post)media mogul rupert murdoch took a night off from managing crises at fox news to deliver a warm introduction of president trump thursday in new york at a dinner honoring american and australian veterans of the battle of the coral sea.“it is my distinct honor to introduce the commander in chief, the president of the united states, my friend donald j. trump,” murdoch said. [trump praises australia’s universal health-care system: ‘you have better health care than we do’] murdoch and trump's friendship, like their attempt at a hug thursday, is not perfectly smooth, however.in 1982, trump and murdoch were competitors; they ...






rupert murdoch downplays sexual harassment allegations at fox news as ‘largely p


rupert murdochs arrive at the 2015 vanity fair oscar party in beverly hills, calif. (afp/getty images)rupert murdoch on thursday dismissed the idea that fox news’s sexual harassment issues hurt the company, even though three of the most powerful men at the network were ousted amid such allegations.“it’s all nonsense,” said murdoch, executive co-chairman of 21st century fox. “. . . that was largely political because we are conservative.”the 86-year-old media mogul made the remarks during an interview with sky news about the walt disney company buying most of 21st century fox.over the last couple of years, several top figures at fox news were ousted over sexual misconduct allegations, including chief executive roger ailes, co-president bill shine and popular talk show...






rupert murdoch's recent injury may have been worse than reported


news corp head rupert murdoch may have suffered a head injury, according to a newsletter from a media gossip site, which supports multiple claims from our own sources that the billionaire businessman hasn’t been himself in recent months. the report from popbitch.com in the uk— which news corp vehemently denies — couldn’t have come at a worse time for the 86-year-old businessman. his company is putting the finishing touches on a deal to sell $52 billion in assets to disney as well as shelling out $16 billion that would give them control of sky. in january, it was reported that murdoch took a tumble on his son’s yacht, which news corp said would cause him to “work from home” for a month. he’s been laid up in his bel-air estate ever since, even declining to come o...






rupert murdoch recuperating from back injury he suffered on yacht


media mogul rupert murdoch was hospitalized after suffering a severe back injury while aboard a yacht in the caribbean. the hobbled 86-year-old was rushed off his son lachlan’s boat by helicopter earlier this month, according to vanity fair. murdoch received treatment at a los angeles hospital but was now recuperating from home. “he’s home. he’s working. he’s fine,” a source close to murdoch told the daily news.ex-fox news contributor: rupert murdoch ‘ruined my life’ the 21st century fox executive chairman sent an email to his senior management team on friday night informing them of the accident and saying that he’ll be working from home for the foreseeable future. the incident took place shortly after new year’s day, vanity fair reported. a...






rupert murdoch contacted at&t ceo twice about buying cnn


rupert murdoch may be kicking the tires on a deal to buy cnn. the 21st century fox chairman has called at&t’s ceo twice in the past six months offering to buy cnn, reuters reported friday, citing sources. murdoch, 86, phoned at&t chief randall stephenson on may 16 and again on aug. 8, both times asking if cnn was for sale, according to one source. stephenson twice said the cable channel was not on the table. another source, however, told reuters that murdoch has “zero interest” in acquiring cnn. cnn, which president trump has derided as “fake news” – while praising murdoch’s fox news – is at the center of at&t’s $85.4 billion deal to buy time warner. the justice department has recommended at&t sell time warner’s broadcasting unit – which i...






rupert murdoch contacted at&t ceo twice about buying cnn


rupert murdoch may be kicking the tires on a deal to buy cnn. the 21st century fox chairman has called at&t’s ceo twice in the past six months offering to buy cnn, reuters reported friday, citing sources. murdoch, 86, phoned at&t chief randall stephenson on may 16 and again on aug. 8, both times asking if cnn was for sale, according to one source. stephenson twice said the cable channel was not on the table.doj wants at&t to sell cnn before time warner merger(matt winkelmeyer/getty images/john phillips/getty images) another source, however, told reuters that murdoch has “zero interest” in acquiring cnn. cnn, which president trump has derided as “fake news” – while praising murdoch’s fox news – is at the center of at&t’s $85.4 billion deal to buy t...






ed miliband accuses rupert murdoch of 'blackmail' over sky bid


ed miliband has accused rupert murdoch of “blackmail” over a threat to close sky news if his bid to take over sky failed, after the competition watchdog warned the bid would give the media mogul too much power.the ex-labour leader, who has been a strident critic of murdoch since the phone hacking scandal, dismissed claims that the broadcaster’s loss-making news arm would be shuttered.he was speaking after the competition and markets authority (cma) provisionally found giving murdoch’s 21st century fox complete control over sky would give the murdoch “too much influence over public opinion and the public agenda”.in november, sky told the cma it would review “the continued provision” of sky news if it “unduly impeded merger and/or other corporate opportunities available i...






comcast offers $31 billion for murdoch’s sky


photo: daniel leal-olivas, afp/getty images image 1of/1captioncloseimage 1 of 1(files) in this file photo taken on march 17, 2017 a sky logo is pictured on a sign next to the entrance to pay-tv giant sky plc's headquarters in isleworth, west london on march 17, 2017. us cable giant comcast on february 27, 2018 said it has offered more than £22 billion ($31 billion, 25 billion euros) to buy pan-european satellite tv group sky. comcast is offering more per share compared with a bid from rupert murdoch's 21st century fox for the 61 percent of sky it does not yet own, according to details of the surprise announcement. / afp photo / daniel leal-olivasdaniel leal-olivas/afp/getty images less(files) in this file photo taken on march 17, 2017 a sky logo is pictured on a sign next to the ent...






disney-fox deal: i-t dept may ask disney and fox to submit all documents and dat


mumbai: walt disney's proposed purchase of rupert murdoch's 21st century fox and non-us entertainment assets may face tax scrutiny in india with authorities planning to use provisions of a controversial five-year-old law to see if tax on the deal needs to be paid here. top tax and government officials said that the income tax department could ask both disney and the murdoch group to submit all documents and data on the deal, formally kicking off scrutiny of the transaction. three people in the know said the move may not necessarily lead to a tax liability as the 2012 law provides a level below which transactions can escape tax. according to the provisions of the law designed to tax indirect transfer of assets, short-term capital gains tax of 40% and long-term capital gai...






how news corp could win as murdoch enters disney's magic kingdom


a deal that will reshape the global media landscape has (finally) been formally announced.rupert murdoch's entertainment conglomerate 21st century fox group will sell key assets to storied film and theme parks giant disney. donald trump jr., left, appeared on sean hannity's fox news program on tuesday. photo: rirchard drewon thursday, the drumbeats got deafeningly loud as specific details of the deal, which has been in the works for weeks, started to leak out.the murdoch owned wall street journal reported that disney would pay $us29 per share for fox's film studios, cable tv stations and international operations, in a deal that would value the entire company at $us75 billion ($100 billion).then late on thursday night confirmation came that the deal was in motion. the offer would in...