Fox Archives

Disney's Bid for Fox Endorsed by Important Proxy Firms, Comcast's Bid Dealt Blow by Justice Department

July 14, 2018

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

UPDATE: Disney and Fox Set Shareholder Vote On Proposed Merger For July 27th

June 28, 2018

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

BREAKING: Justice Department Approves Disney's Proposed Purchase of Fox

June 27, 2018June 27, 2018

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

BREAKING: Fox Has Accepted an Improved Bid from Disney, Dealing a Blow to Comcast

June 20, 2018June 20, 2018

Disney & Fox Are Meeting "Again" To Discuss The Possible Acquisition Of Fox By Disney

21st Century Fox has agreed to an improved offer from The Walt Disney Co. worth $38 a share, up from $28 a share which was agreed upon in December. This valuation is a $3 premium over Comcast’s $35 a share all-cash offer that they made just last week. The new offer from Disney is valued at … Read more

A Timeline of the Disney and Comcast Battle for 21st Century Fox

July 25, 2018June 17, 2018

There’s been a lot in the news regarding the proposed purchase of 21st Century Fox between Disney and Comcast. We wanted to put together a timeline since the very beginning of what has happened so far which began back in November 2017. November 6, 2017: CNBC reports that Disney is working with Rupert Murdoch to acquire … Read more

BREAKING: Comcast Makes a $65 Billion All-Cash Bid to "Steal" 21st Century Fox from Disney

June 13, 2018

BREAKING: 21st Century Fox In Talks to Sell Company to Disney

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

Fox To Decide on Disney Deal July 10, Could Still be Swayed By Comcast Bid

May 30, 2018

Twenty-First Century Fox could be making its final decision on the offer made by The Walt Disney Company on July 10th. In December, Disney offered stock worth $52.4 billion to buy Fox’s television, film, and international assets. Previously, Comcast had made an offer in November to also purchase Fox with stock, and the equivalent was … Read more

Disney-Fox Deal is Expected to Close by Mid-2019, Peter Rice Gives Update on Merger

April 18, 2018

In a town hall held by 21st Century Fox president Peter Rice, he stated that the acquisition by Disney should be done by Spring/Summer 2019. This is on the far end of the analyst expectations, who speculated that the deal would take between 12 – 18 months. He also revealed to the anxious staff members … Read more

Disney and Fox a "Done Deal" and Formal Announcement is Expected Thursday

December 12, 2017

According to CNBC, the Disney-Fox deal is essentially done, and the parties are planning a formal announcement on Thursday, December 14, 2017. Yesterday, Comcast dropped out of the bidding, leaving Disney as the sole suitor. That left Disney and Fox to just work out financial details, which apparently will be substantially finished by Thursday’s planned … Read more

Disney-Fox Deal Closer Than Ever As Both Sides Talk With Their Bankers

December 8, 2017

Variety is reporting that the Disney – Fox deal is heating up, and is now closer than it has ever been, as both sides are in number-crunching mode to come to an agreement on valuation in the deal. Disney’s bankers include JP Morgan and Guggenheim Partners, both of which have worked with Disney previously. Goldman … Read more

Fox Reportedly Favoring Deal with Disney Over Other Suitors

December 4, 2017

Bloomberg is reporting that Rupert Murdoch and his sons James and Lachlan, who control 21st Century Fox Inc., are favoring Disney as buyer of most of Fox’s assets, because it’s thought to be a better strategic fit and presents fewer regulatory hurdles. News first broke in early November about the potential asset sale. Talks apparently broke … Read more