Tag Archives: Disney

Comcast pulls offer for Fox assets

Comcast announced that it has abandoned its plans to acquire Twenty-First Century Foxs entertainment assets to focus on its offer for Sky. Sources familiar with the companys thinking told Reuters that Comcast dropped its bid for the Fox assets because it was concerned the price was becoming too high. It was also worried how much [...]

US Justice Department approves Disney’s acquisition of Fox assets

The Walt Disney Company announced Wednesday that the Antitrust Division of the United States Department of Justice (DOJ) has cleared the pending acquisition by Disney of 21st Century Fox entertainment assets. As a condition of the deal, the DOJ said that Disney must sell off Fox’s regional sports networks. According to the consent decree, Disney [...]

Disney raises bid for Fox assets to USD 71.3 billion

Walt Disney Co. raised its bid for Twenty-First Century Fox’s assets to USD 71.3 billion, the companies announced in a press release today. This way, it exceeds Comcast’s USD 65 billion all-cash offer. The new offer is USD 38 a share, this is, USD 10 higher than Disneys first bid in December 2017. Comcasts last [...]

Comcast offers USD 65 billion for Fox assets

Comcast announced an offer of USD 65 billion for the assets that Twenty-First Century Fox agreed to sell to Disney for USD 52.4 billion. Comcasts bid came a day after a federal judge approved the merger of AT&T and Time Warner. In a letter delivered on Wednesday to Foxs Board of Directors, Comcast said, In [...]

Fox shareholders to vote on Disney deal in July

Twenty-First Century Fox (21CF) announced that it has scheduled a shareholder meeting on July 10 to vote on Disney merger agreement. 21CFs board of directors recommends that stockholders vote in favor of the proposal. 21CF said that is aware of the press release of Comcast of May 23, 2018, in which the U.S. operator states [...]

Comcast confirms it’s preparing bid for Fox assets

U.S. largest pay TV operator Comcast confirmed on Wednesday that is preparing a cash offer for the 21st Century Fox assets that Disney has proposed to acquire. The U.S. giant said that no final decision has been made and that the work to finance the all-cash offer and make the key regulatory filings is well [...]

Comcast prepares cash offer for Fox assets: sources

Comcast is preparing an all-cash offer for the media assets that Twenty-First Century Fox has agreed to sell to Walt Disney Co, reports Reuters, citing three people familiar with the matter. According to the report, Comcast is asking investment banks to increase a bridge financing facility by as much as USD 60 billion so it [...]

ESPN+ OTT service to launch April 12 in the U.S

ESPN announced that it will launch its new direct-to-consumer OTT service, ESPN+, on April 12 in the United States, with a subscription price of USD4.99 per month. It will include live sports, original content and a library of on-demand programming. The services live sports lineup includes games of MLB, NHL, MLS Games, top rank boxing, [...]

Mexico’s Ánima participates in new international coproduction

Mexican company Ánima has teamed up with British production company Cake, Australias Studio Moshi and Irelands Gingerbread Animation to produce the new animated comedy series Space Chickens in Space, which has already been acquired by Disney EMEA and Channel 9 in Australia, according to Variety. The show, which will air this year, is aimed at [...]