|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's range||32.65 - 33.65|
|52-week range||30.43 - 44.00|
|PE ratio (TTM)||6.70|
|Earnings date||26 Jul 2018|
|Forward dividend & yield||0.76 (2.24%)|
|1y target est||43.60|
Disney's (DIS) sweetened takeover bid for 21st Century Fox (FOXA) has soured ratings agency Moody's Investor Service on the media giant's debt. Moody's placed Disney on review for a downgrade late yesterday, citing the company's major debt load, should it be successful in buying Fox and European satellite TV provider Sky: Moody's pegs the company's debt to earnings before interest, taxes, depreciation and amortization ratio around four times if the deal closes, 3.5 times without Sky. Of course, that figure could go higher if Comcast (CMCSA) ratchets up its own $65 billion offer for Fox and Disney decides to escalate again. Moody's expects that should a ratings downgrade occur, it will be limited to one notch." Needham's Laura Martin expects that Disney will win the day, given that Fox's controlling Murdoch family will vote its 17% economic interest for the deal, which means that only 40% of remaining shareholders need to agree, where as 60% of non-Murdoch shareholders have to vote for the Comcast deal.
Media companies are falling over themselves to merge with one another right now. AT&T and Comcast are communications companies that are attempting to go vertical and control every layer of a media empire from underground cables to the creation of content.
The bond market has its money on Disney winning a bidding war for 21st Century Fox. Just last week Comcast made a $65bn bid for Fox, after reading good things in the tea leaves of Judge Richard Leon's decision allowing AT&T to buy Time Warner. On Wednesday, Disney upped the stakes, raising its offer to $71bn -- notably, this time around it offered as much as half of that in cash (i.e.
— that we have rarely been afforded the chance to sit back and take a big picture look at all the company’s machinations. What we discover is a shape-shifting company led by Son, a self-proclaimed oracle who thinks his foresight makes him a better investor in technology than just about anyone else in the world.
Incredibles 2, the company’s long-awaited animated superhero sequel, debuted to a record-breaking box office haul. Now Bob Iger, who has led Disney as chief executive for more than a decade, is the one who has had to stretch.
It’s decision time for Comcast Corp., which faces one of the biggest moments in the cable giant’s 55-year-old history. After Walt Disney Co. raised its offer for 21st Century Fox Inc.’s entertainment assets to $71.3 billion, Comcast Chief Executive Officer Brian Roberts is now mulling how to respond to the escalating bidding war. Wall Street is girding for Comcast to counterbid with something around $41 or $42 a share in cash.
According to Bloomberg, 21st Century Fox (FOXA) is planning to begin discussions regarding a deal with media giant Comcast (CMCSA) in regards to Fox assets, thus paving the way for a bidding war with rival Walt Disney (DIS). Rupert Murdoch, who owns a 17% stake in Fox, earlier agreed to the deal with Disney in December 2017 for an all-stock offer of $52.4 billion. But Fox’s board is now planning to consider Comcast’s superior all-cash offer of $65 billion, announced last week.
Disney (DIS) just announced its new $70 billion offer for an array of 21st Century Fox (FOXA) assets, outbidding both Comcast's (CMCSA) unsolicited deal and its initial offer. Disney's bid represents a large amount of money even for the historic entertainment giant, so let's take a quick look at the latest deal before we dive into why Disney wants it so badly.
Charter Communications (CHTR) has reportedly moved closer to launching its wireless service, Spectrum Mobile, with the help of its MVNO (mobile virtual network operator) agreement with Verizon (VZ). According to a BGR report, Charter Communications is expected to launch its wireless service on June 30. The new service is expected to offer unlimited data for $45 per month.
Media giant Walt Disney (DIS) is making a 15-year funding commitment to Sky News, a unit of London-based Sky, which is an acquisition target of both Comcast (CMCSA) and 21st Century Fox (FOXA). The current budget of Sky News is around 90 million pounds per year. Disney’s commitment includes funding Sky News with at least 100 million pounds (or $132 million) per year for the next 15 years, which is up from the ten-year funding guarantee it had offered previously.
Disney (DIS) upped the ante to $70 billion in cash and stock for key 21st Century Fox (FOXA) assets, one week after Comcast (CMCSA) outbid the company's initial offer. Shares of Disney jumped over 1% on Wednesday following the news, which means now is a good time to see if Disney stock is worth buying at the moment.
Tuna Amobi, analyst at CFRA, comments on the reports that Walt Disney Co. is close to winning antitrust approval of its $71 billion deal for 21st Century Fox Inc.'s entertainment assets. He speaks with ...
Ryan McQueeney discusses the latest in the battle between Disney (DIS) and Comcast (CMCSA) to win over 21st Century Fox (FOXA) assets. He also previews Micron's (MU) earnings report and discusses pot stocks like Cronos Group (CRON) in the wake of Canada's marijuana legalization vote.
Walt Disney Co. is close to winning U.S. antitrust approval for its $71 billion deal for 21st Century Fox Inc.’s entertainment assets, according to a person familiar with the matter, creating a potentially insurmountable hurdle for a rival bid from Comcast Corp. The Justice Department is set to approve the deal in as soon as two weeks, said the person, who declined to be named because the investigation is confidential. Disney has agreed to sell some assets to address competition problems stemming from the tie-up, according to the person.
Jefferies analyst John Janedis wrote Wednesday that the bidding war for 21st Century Fox Inc.'s entertainment assets was "unlikely to end here" with Walt Disney Co.'s revised, $38/share bid for the businesses. "Given the strategic importance of the Fox assets, we expect Comcast will come back with a higher offer," he wrote. "Given timing and regulatory risk that could lengthen a path to close, we believe the next counter offer from Comcast will be in the low $40/sh.
Disney is offering more than $71 billion for Fox's entertainment businesses in a counterbid to Comcast's nearly $66 billion offer. The battle for Twenty-First Century Fox reflects a new imperative among entertainment and telecommunications firms. The deal would include Fox film and TV studios, some cable networks and international assets, but not Fox News Channel or the Fox television network.
Walt Disney Co.'s sweetened $71 billion deal to buy most of Rupert Murdoch's 21st Century Fox Inc. is aggressive, but it may not be aggressive enough to end the bidding here. The entertainment giant had to raise its offer to see off interloper Comcast Corp., and it’s put together a bid that beats Comcast’s by every measure. Having previously agreed on a transaction with Fox at roughly $28 per share back in December, Disney has enjoyed a head start on Comcast in commencing the regulatory progress.
Walt Disney raised its bid for Twenty-First Century Fox assets to $71.3 billion as it looks to scuttle Comcast's $65 billion offer last week. Fred Katayama reports.