With The Walt Disney Company taking some major hits in the last week due to the Coronavirus (COVID-19) pandemic, an analyst has suggested that the time may be right for Apple to acquire the company. According to The Hollywood Reporter‘s Georg Szalai, Rosenblatt Securities analyst Bernie McTernan claimed in a research report released on Friday … Read more
In yet another wrinkle in the Disney-Fox-Comcast saga, Disney’s bid for Fox was backed by important proxy firms. Institutional Shareholder Services Inc. and Glass Lewis & Co., both influential proxy advisors, endorsed the Disney bid earlier this week. Proxy firms provide services to shareholders to vote their shares at shareholder meetings of large corporations. They also recommend … Read more
Disney and Fox have finally rescheduled their vote on the proposed merger/acquisition for July 27th. The previous July 10th meeting was canceled when Disney upped their bid to beat the new $65 billion offer from Comcast. This meeting announcement comes one day after federal regulators approved the proposed acquisition of Fox by Disney. Currently, Disney’s … Read more
In what is seen as a massive step forward for Disney’s acquisition of 21st Century Fox, the U.S. Justice Department has given the OK for the proposed purchase. While not unexpected, the quick decision by the Justice Department gives Disney a massive advantage over Comcast as things stand. As part of the regulatory approval, the … Read more
As the bell was ringing to mark the end of the trading day today, Comcast unveiled a massive $65 billion all-cash bid to purchase much of 21st Century Fox. This offer comes hot on the heels of the federal approval of AT&T – Time Warner merger, which would make a Comcast acquisition of 21st Century … Read more