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 Post subject: Re: Disney Buys Fox
PostPosted: Thu May 10, 2018 10:48 am 
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Well, that's a relief.

James Murdoch Not Joining The Walt Disney Company
https://www.laughingplace.com/w/news/20 ... y-company/

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 Post subject: Re: Disney Buys Fox
PostPosted: Thu May 10, 2018 2:32 pm 
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Thank God.

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 Post subject: Re: Disney Buys Fox
PostPosted: Wed May 16, 2018 8:49 am 
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Comcast is going for a hostile takeover:

https://learn.stashinvest.com/why-so-ho ... id-for-fox

Quote:
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.


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 Post subject: Re: Disney Buys Fox
PostPosted: Wed May 16, 2018 8:58 am 
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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.

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 Post subject: Re: Disney Buys Fox
PostPosted: Wed May 16, 2018 12:27 pm 
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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

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 Post subject: Re: Disney Buys Fox
PostPosted: Wed May 16, 2018 3:44 pm 
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Disney Could Give Up Sky to Get Fox Assets

https://www.hollywoodreporter.com/news/disney-could-give-up-sky-get-fox-assets-1110153


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 Post subject: Re: Disney Buys Fox
PostPosted: Wed May 16, 2018 5:58 pm 
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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.

Quote:
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.


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 Post subject: Re: Disney Buys Fox
PostPosted: Thu May 17, 2018 4:56 am 
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: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.

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 Post subject: Re: Disney Buys Fox
PostPosted: Thu May 17, 2018 10:17 am 
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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.

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 Post subject: Re: Disney Buys Fox
PostPosted: Wed May 23, 2018 8:46 pm 
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Uh oh:
http://www.bbc.com/news/business-44233381


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 Post subject: Re: Disney Buys Fox
PostPosted: Tue May 29, 2018 5:56 pm 
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Disney lines up financing in case Fox board demands cash

https://www.cnbc.com/2018/05/29/disney-lines-up-financing-in-case-fox-board-demands-cash-sources.html


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 Post subject: Re: Disney Buys Fox
PostPosted: Wed May 30, 2018 5:37 pm 
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Disney, Fox Set July 10 Shareholder Votes on $52.4B Deal

https://www.hollywoodreporter.com/news/disney-fox-set-july-10-shareholder-votes-524b-deal-1115667


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 Post subject: Re: Disney Buys Fox
PostPosted: Thu Jun 07, 2018 8:33 pm 
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Rupert Murdoch May Be Willing to Go With Comcast Bid for Fox Assets (Report)
https://www.hollywoodreporter.com/news/ ... rt-1118064

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 Post subject: Re: Disney Buys Fox
PostPosted: Fri Jun 08, 2018 2:20 pm 
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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.


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 Post subject: Re: Disney Buys Fox
PostPosted: Wed Jun 13, 2018 4:23 pm 
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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/

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 Post subject: Re: Disney Buys Fox
PostPosted: Wed Jun 13, 2018 9:23 pm 
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:lol: :lol: :lol: :lol: :lol:

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 Post subject: Re: Disney Buys Fox
PostPosted: Thu Jun 14, 2018 1:01 am 
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Fox's response to Comcast's new bid:
https://www.cbr.com/disney-comcast-split-fox/


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 Post subject: Re: Disney Buys Fox
PostPosted: Tue Jun 19, 2018 2:35 pm 
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Disney sees Comcast's bid and raises them:
https://www.cbr.com/disney-add-cash-fox-assets-comcast/

In other news:
http://disneytvanimation.com/post/17504 ... cquire-sky


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 Post subject: Re: Disney Buys Fox
PostPosted: Wed Jun 20, 2018 9:53 am 
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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/

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 Post subject: Re: Disney Buys Fox
PostPosted: Wed Jun 20, 2018 1:38 pm 
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Sotiris wrote:
Is Fox even worth this much?


Does this answer your question?:
https://movieweb.com/fox-accepts-disney ... d-comcast/


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