Disney Buys Fox

All topics relating to content owned by Disney that is not Disney-branded.
User avatar
Sotiris
Ultimate Collector's Edition
Posts: 19912
Joined: Sat Sep 23, 2006 3:06 am
Gender: Male
Location: Fantasyland

Re: Disney Buys Fox

Post by Sotiris »

Well, that's a relief.

James Murdoch Not Joining The Walt Disney Company
https://www.laughingplace.com/w/news/20 ... y-company/
ImageImageImageImageImageImage
User avatar
Disney's Divinity
Ultimate Collector's Edition
Posts: 15767
Joined: Thu Mar 17, 2005 9:26 am
Gender: Male

Re: Disney Buys Fox

Post by Disney's Divinity »

Thank God.
Image
Listening to most often lately:
Ariana Grande ~ "we can't be friends (wait for your love)"
Ariana Grande ~ "imperfect for you"
Kacey Musgraves ~ "The Architect"
User avatar
Rumpelstiltskin
Anniversary Edition
Posts: 1290
Joined: Thu Jun 29, 2006 9:05 pm

Re: Disney Buys Fox

Post by Rumpelstiltskin »

Comcast is going for a hostile takeover:

https://learn.stashinvest.com/why-so-ho ... id-for-fox
Cable provider and NBCUniversal owner Comcast is making a bid for the entertainment company 21st Century Fox.

It has reportedly rounded up $60 billion in cash from various investment banks in order to make the deal happen.

But wait a minute, didn’t Fox agree to merge with entertainment company Disney?

So why is Comcast making an end run around Disney to try to capture Fox?

It’s what’s known in the investing world as a hostile bid, or hostile takeover. That’s when one company attempts to buy a company, against the wishes of the executives and board managing that company.

In the 1980s, it became popular for certain investors or companies to buy up as many shares of the company it wished to acquire, until it had a majority ownership of the target company.

This tactic is also known as corporate raiding.

The film Wall Street, which features Michael Douglas as the fictional corporate raider Gordon Gekko, who famously said, “greed is good,” put its cultural stamp on the era.

Comcast’s strategy is to offer the Fox’s shareholders a deal that’s more lucrative than the one that was initially proposed. In this case, Comcast is offering an additional $8 billion, which is known as a premium over the original purchase price.

A premium is like a bonus, it’s an amount that’s more than the original price, and it acts as a sweetener for the deal, providing shareholders with more money once the deal goes through.

The Comcast bid isn’t a done deal yet. In fact, Comcast had tried unsuccessfully to purchase Fox assets in November, according to reports. Shareholders must ultimately agree to the new offer.

Regulators examining the proposed Disney and Fox merger for monopoly implications may also rule against the deal, which would similarly make the Comcast takeover unlikely, on the same grounds.
User avatar
Sotiris
Ultimate Collector's Edition
Posts: 19912
Joined: Sat Sep 23, 2006 3:06 am
Gender: Male
Location: Fantasyland

Re: Disney Buys Fox

Post by Sotiris »

What is it with Comcast and hostile takeovers? They tried taking over Disney in 2004 and are now doing the same with Fox. They just seem determined to screw over Disney.
ImageImageImageImageImageImage
User avatar
unprincess
Collector's Edition
Posts: 2134
Joined: Fri Jul 26, 2013 5:00 pm

Re: Disney Buys Fox

Post by unprincess »

wow they really want Fox! And Disney must be really pissed off about this! So now its on Disney to up their own deal? :o
willard
Gold Classic Collection
Posts: 141
Joined: Sat Nov 02, 2013 6:58 pm

Re: Disney Buys Fox

Post by willard »

Disney Could Give Up Sky to Get Fox Assets

https://www.hollywoodreporter.com/news/ ... ts-1110153
User avatar
Rumpelstiltskin
Anniversary Edition
Posts: 1290
Joined: Thu Jun 29, 2006 9:05 pm

Re: Disney Buys Fox

Post by Rumpelstiltskin »

Comcast really want Fox, and everything else they can get their hands on. If Disney had made a deal with Sony or Viacom instead of Fox, Comcast would have interfered there as well. Waiting till all the details were ready, and then try to grab it all.

The article claim Disney's goal is to "crush Netflix", which sounds like they want to drive them into bankruptcy. My impression was that they wanted to be able to compete with them through their own streaming service. By the way, Netflix is now bigger than Comcast.
For Comcast CEO Brian Roberts, whatever happens is viewed as a victory, as he could acquire Sky, most of Fox or all of the above. If he doesn’t, he will have succeeded in driving up the price Disney must pay for any or all of those assets.
I know it's business, but corporate raids is highly unethical and Comcast deserves a smack in the face for using dirty tricks like that. And as many are already aware of, it is not the first time someone have attempted to take over Disney. Saul Phillip Steinberg did the same in 1984, and his plan (if he had succeeded) was to cut up Disney into tiny pieces and then sell each piece to various bidders, making himself stinking rich by doing so. Then there would be no Pixar, DreamWorks, Little Mermaid, Beauty and the Beast and so on.
User avatar
Disney's Divinity
Ultimate Collector's Edition
Posts: 15767
Joined: Thu Mar 17, 2005 9:26 am
Gender: Male

Re: Disney Buys Fox

Post by Disney's Divinity »

:lol: I may like some Disney products, but I mostly despise Disney the company, so anything that is detrimental for them is good in my book. I don't think they'll actually lose FOX--although that would be ideal--but the more money they'll have to pay, the better. Can't say I'm necessarily a fan of Comcast, it's just funny to watch others use dirty tactics just like Disney would themselves.
Image
Listening to most often lately:
Ariana Grande ~ "we can't be friends (wait for your love)"
Ariana Grande ~ "imperfect for you"
Kacey Musgraves ~ "The Architect"
User avatar
Sotiris
Ultimate Collector's Edition
Posts: 19912
Joined: Sat Sep 23, 2006 3:06 am
Gender: Male
Location: Fantasyland

Re: Disney Buys Fox

Post by Sotiris »

Comcast is objectively a much more unethical and corrupt company than Disney so I'm definitely not rooting for it to get even bigger and more influential.
ImageImageImageImageImageImage
Mickeyfan1990
Collector's Edition
Posts: 2559
Joined: Sat May 05, 2007 12:24 pm

Re: Disney Buys Fox

Post by Mickeyfan1990 »

willard
Gold Classic Collection
Posts: 141
Joined: Sat Nov 02, 2013 6:58 pm

Re: Disney Buys Fox

Post by willard »

Disney lines up financing in case Fox board demands cash

https://www.cnbc.com/2018/05/29/disney- ... urces.html
willard
Gold Classic Collection
Posts: 141
Joined: Sat Nov 02, 2013 6:58 pm

Re: Disney Buys Fox

Post by willard »

Disney, Fox Set July 10 Shareholder Votes on $52.4B Deal

https://www.hollywoodreporter.com/news/ ... al-1115667
User avatar
Sotiris
Ultimate Collector's Edition
Posts: 19912
Joined: Sat Sep 23, 2006 3:06 am
Gender: Male
Location: Fantasyland

Re: Disney Buys Fox

Post by Sotiris »

Rupert Murdoch May Be Willing to Go With Comcast Bid for Fox Assets (Report)
https://www.hollywoodreporter.com/news/ ... rt-1118064
ImageImageImageImageImageImage
Mickeyfan1990
Collector's Edition
Posts: 2559
Joined: Sat May 05, 2007 12:24 pm

Re: Disney Buys Fox

Post by Mickeyfan1990 »

Sotiris wrote:Rupert Murdoch May Be Willing to Go With Comcast Bid for Fox Assets (Report)
https://www.hollywoodreporter.com/news/ ... rt-1118064
I repeat; Uh oh.
User avatar
Sotiris
Ultimate Collector's Edition
Posts: 19912
Joined: Sat Sep 23, 2006 3:06 am
Gender: Male
Location: Fantasyland

Re: Disney Buys Fox

Post by Sotiris »

That's 19% higher than Disney's offer.

Comcast Makes $65 Billion All-Cash Bid for Fox Assets
https://www.thewrap.com/comcast-submits ... ox-assets/
ImageImageImageImageImageImage
User avatar
Disney's Divinity
Ultimate Collector's Edition
Posts: 15767
Joined: Thu Mar 17, 2005 9:26 am
Gender: Male

Re: Disney Buys Fox

Post by Disney's Divinity »

:lol: :lol: :lol: :lol: :lol:
Image
Listening to most often lately:
Ariana Grande ~ "we can't be friends (wait for your love)"
Ariana Grande ~ "imperfect for you"
Kacey Musgraves ~ "The Architect"
Mickeyfan1990
Collector's Edition
Posts: 2559
Joined: Sat May 05, 2007 12:24 pm

Re: Disney Buys Fox

Post by Mickeyfan1990 »

Fox's response to Comcast's new bid:
https://www.cbr.com/disney-comcast-split-fox/
Mickeyfan1990
Collector's Edition
Posts: 2559
Joined: Sat May 05, 2007 12:24 pm

Re: Disney Buys Fox

Post by Mickeyfan1990 »

User avatar
Sotiris
Ultimate Collector's Edition
Posts: 19912
Joined: Sat Sep 23, 2006 3:06 am
Gender: Male
Location: Fantasyland

Re: Disney Buys Fox

Post by Sotiris »

Is Fox even worth this much?

Disney Ups Fox Bid to $71.3 Billion, Outflanking Comcast
https://variety.com/2018/biz/news/disne ... 202851891/

Brian Roberts and Bob Iger Go Head-to-Head in the Battle for Fox
https://variety.com/2018/biz/news/brian ... 202851007/
ImageImageImageImageImageImage
Mickeyfan1990
Collector's Edition
Posts: 2559
Joined: Sat May 05, 2007 12:24 pm

Re: Disney Buys Fox

Post by Mickeyfan1990 »

Sotiris wrote:Is Fox even worth this much?
Does this answer your question?:
https://movieweb.com/fox-accepts-disney ... d-comcast/
Post Reply