Culture&Arts

Disney Fox Acquisition Solidified With $71.4 Billion Deal

Disney Fox Acquisition Solidified With $71.4 Billion Deal

Rupert Murdoch's 21st Century Fox Inc.is leaning toward starting negotiations with Comcast Corp., paving the way for a bidding war over its entertainment assets, people with knowledge of the matter said.

As to another scenario that some analysts and media observers have floated - Disney and Comcast dividing up the Fox assets - Iger said the agreement with Fox "precludes that".

FILE PHOTO: The Twenty-First Century Fox Studios flag flies over the company building in Los Angeles, California U.S. November 6, 2017.

Although there's been talking that the "most sensible outcome" would be for Disney and Comcast to "split the baby", the former may forego said option, opting to add cash to their initial all-stock offer instead, at least according to the latest from CNBC.

Sweden: Several wounded in shooting in Malmo
At approximately 21:00, an as of yet unidentified man is said to have shot at a crowd at the centre of the city. Five people have been hospitalised but police have not yet issued an official update on their condition.

In its review, Fox will need to decide whether Comcast's richer, all-cash offer is enough to offset the antitrust risk and potentially higher tax liabilities for some of its shareholders, analysts said.

Disney will also take on about $13.8 billion of Fox's net debt, implying a total transaction value of about $85.1 billion.

The move comes a week after Comcast, the telecommunications conglomerate, countered Disney's $52.4 billion all-stock deal with a bid of $65 billion in cash.

Comcast had no immediate comment.

Belgium fans hopes high at the 2018 FIFA World Cup
Against a similar, but weaker opponent, expect Hazard to be at the forefront again, whether that be with goals or assists. Sweden still looks a formidable side with Victor Lindelof, Ola Toivonen, Emil Forsberg and Marcus Berg to pack a punch.

The collar on the stock consideration will ensure that 21st Century Fox shareholders will receive a number of Disney shares equal to $38 in value if the average Disney stock price at closing is between $93.53 and $114.32.

Disney no longer expects to complete the $20 billion share repurchase it announced in December, McCarthy said. "We remain convinced that the combination of 21CF's iconic assets, brands and franchises with Disney's will create one of the greatest, most innovative companies in the world", he said in a statement.

The deal would include Fox film and TV studios, some cable networks and global assets, but not Fox News Channel or the Fox television network.

However, the amended and restated Disney Merger Agreement contains no changes to the provisions relating to the Company's directors' ability to evaluate a competing proposal. Shares of Disney rose 29 cents to $106.47 and Comcast shares rose 22 cents to $33.03 United States dollars.

Gunman fatally shot by shopper outside Washington state Walmartgun
A gunman wounded a few people before being fatally shot by a bystander at the store in Washington state's city Sunday evening. Another witness told KIRO her husband watched the shooter "take his last breath" after being shot by the armed citizen.


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