|Bid||0.00 x 800|
|Ask||0.00 x 3200|
|Day's range||45.24 - 45.86|
|52-week range||24.81 - 50.15|
|Beta (3Y monthly)||0.64|
|PE ratio (TTM)||18.98|
|Earnings date||6 Nov 2018 - 12 Nov 2018|
|Forward dividend & yield||0.36 (0.79%)|
|1y target est||50.05|
AT&T’s (T) diversification into the media business continues. It’s planning to launch a new streaming video service in about a year. The new video service, whose name and pricing details have not been disclosed, is being launched under AT&T’s WarnerMedia subsidiary and will be built around HBO.
In a world where disruptive technology is all the rage, don’t forget the incredible power of intellectual property.
On October 17, a US appeals court announced that it has decided to listen to the arguments related to the Justice Department’s (or DoJ) objection to AT&T’s (T) $85.4 billion purchase of Time Warner on December 6. In July, the Department of Justice asked a federal appeals court to reverse the judge’s decision to approve the mega-merger, which closed on June 14, citing concerns that the deal would raise costs and harm consumers. AT&T’s merger with Time Warner was announced in October 2016 but underwent significant regulatory scrutiny.
held by the Murdoch Family Trust, which is worth $12bn at the $38 a share Disney has agreed to pay. The direct beneficiaries of the trust are Mr Murdoch’s adult children, Prudence, James, Lachlan and Elisabeth. The $12bn figure does not include the Murdoch family’s stake in News Corp, the owner of newspapers such as The Sun and Wall Street Journal, or its holding in New Fox, the company being spun out of 21st Century Fox — and which owns the Fox News Channel and the Fox broadcast network.
On October 15, Walt Disney (DIS) announced that it had offered concessions to the European Commission on October 12 to help resolve the European Union’s (EZU) antitrust concerns and accelerate the approval process of its $71.3 billion acquisition deal with 21st Century Fox (FOXA), according to Reuters. Disney initially made a bid of $52.4 billion to buy Fox’s media and entertainment assets in December 2017, but US cable company Comcast (CMCSA) intervened with its $65 billion offer to purchase these assets from Fox. The fight over the Fox assets came to an end in July after Comcast decided to withdraw from the bidding war for Fox assets and focus on buying a 61% stake in London-based Sky.
When Twenty-First Century Fox Inc (NASDAQ:FOXA) released its most recent earnings update (30 June 2018), I wanted to understand how these figures stacked up against its past performance. The two Read More...
Disney has offered to pay holders of $18.1 billion of Fox debt a small fee in exchange for their giving up bondholder protections known as covenants, according to research service Covenant Review. The group of noteholders, represented by corporate debt trade group Credit Roundtable, is working with investment bank Houlihan Lokey to help advise it, said David Knutson, a buyside analyst who is a co-leader of the advisory board to the Credit Roundtable. The group’s biggest objection is being unable to trade the bonds until the Disney acquisition closes, he added.
In June, the Walt Disney Company (DIS) agreed to buy entertainment assets of Rupert Murdoch’s Twenty-First Century Fox (FOXA) for $71.3 billion. After the sale of a 39% stake in Sky to Comcast (CMCSA), Disney remains on track to purchase Fox’s film and TV studio assets, as well as FX, Fox Sports Regional Networks, Fox Networks Group, stakes in National Geographic Partners, Indian satellite TV group Star India, Hulu, and others.
Can Netflix Deliver in Q3 2018? Netflix (NFLX) appears to be focused on its international market growth by investing in local content. Netflix expects to finish the third quarter with ~72.9 million paid members.
Of the 24 analysts covering Comcast (CMCSA), 17 have rated the stock a “buy.” Seven have rated it a “hold,” and none have rated it a “sell.” Comcast’s victory of a 61% stake in Sky over Twenty-First Century Fox (FOXA) and the acquisition of a 39% stake from Fox and the Walt Disney Company (DIS) have probably made analysts positive. It seems that analysts are confident that Comcast will get full ownership of London-based Sky. Comcast is trading at $35.18 as of October 8, which is an 18.2% discount to its consensus median target estimate.
On October 2, Bloomberg reported that what Comcast (CMCSA) is borrowing to acquire Sky will put the company in the $100 billion debt club. Comcast’s debt level would nearly double to $114 billion, placing it after telecommunications providers AT&T (T) and Verizon (VZ). As we saw in the previous parts of this series, Comcast won the bidding war against Twenty-First Century Fox (FOXA) for 61% of London-based broadcaster Sky.
As of October 2, Comcast (CMCSA) has sold unsecured bonds worth $27 billion to finance its $38.8 billion purchase of 61% of Sky. Comcast’s deal was also the fourth-largest debt sale in the United States after Verizon (VZ), Anheuser-Busch InBev, and CVS. According to the Financial Times, Comcast sold $27 billion of bonds in 12 parts of floating and fixed bonds with maturities of two to 40 years.
On September 22, Comcast (CMCSA) was announced the winner of a three-round auction held by the United Kingdom’s Panel on Takeovers and Mergers. Comcast bid $38.8 billion for 61% of UK broadcaster Sky. The shareholders and board of directors of Sky will most likely accept Comcast’s offer of 17.28 pounds per share by October 11 since it’s in the best interest of shareholders. Comcast beat Twenty-First Century Fox’s (FOXA) bid of 15.67 pounds per share.
Disney (DIS) is set to appoint a number of Fox executives to key leadership roles upon completion of the 21st Century Fox acquisition.
President Trump's former communications chief Hope Hicks is taking on a similar role at the new Fox company, meaning she'll supervise messaging at her former boss' favorite television network. The new company, being created by the shedding of many of 21st Century Fox's entertainment assets to the Walt Disney Co., will include Fox News Channel, the Fox broadcasting network, several local Fox stations and Fox Sports.
Walmart's video streaming plans are not only to boost Vudu's monthly membership but also to capture the expanding online streaming market.
21st Century Fox Inc. tapped Steve Tomsic and other executives to fill key roles at the “New Fox” spinoff, which will be created once the company completes the $71 billion sale of its entertainment assets to Walt Disney Co. Tomsic, currently deputy chief financial officer, will take the CFO job at the new entity, Fox said on Tuesday. Eric Shanks will be promoted to chief executive officer of Fox Sports from his current role as president, chief operating officer and executive producer.
Out of the 24 analysts covering Comcast (CMCSA), 17 analysts have rated the stock a “buy,” while seven analysts rated the stock a “hold.” Not a single analyst has given the stock a “sell” rating. Comcast outbid 21st Century Fox (FOXA) and Walt Disney (DIS) to buy full ownership in London-based Sky. Last weekend, the cable and entertainment giant won 61% of UK-based pay-TV company Sky for 17.28 pounds per share, valuing the 61% stake in Sky at about $39 billion.
The online streaming service provider Hulu is jointly owned by four companies. Walt Disney (DIS), Comcast (CMCSA), and 21st Century Fox (FOXA) each have a 30% stake in Hulu. After the acquisition of Time Warner, AT&T (T) holds a 10% stake in Hulu.
Walt Disney (DIS) is all set to acquire the media and entertainment assets of 21st Century Fox (FOXA) after selling its 39% stake in the UK-based (EWU) Sky to Comcast (CMCSA), which was a rival bidder for Fox assets but then later decided to withdraw to focus on the Sky acquisition. Disney’s $71.3 billion Fox deal is expected to close next year. Disney seeks to purchase Fox cable assets including the National Geographic and FX networks, Fox’s TV and film studios, which include shows like The Simpsons, Modern Family, and This Is Us. These assets also include hit movie properties such as Avatar as well as other sports content that could boost Disney’s streaming services.
The fierce battle between US cable and media company Comcast (CMCSA) and 21st Century Fox (FOXA) for the European pay-TV company Sky has finally ended with Comcast emerging as the winner. Last weekend, Comcast got hold of the 61% stake in Sky after a two-day auction. Then on September 26, Walt Disney (DIS) and Fox agreed to sell their 39% stake in Sky to Comcast. The deals thus gave Comcast full control over Sky at a price of 17.28 pounds per share, which values the company at around $54.1 billion.