Rupert Murdoch set to sell off 21st Century Fox assets to Disney
14-12-2017, 08:41
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#1
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Remoaner
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Rupert Murdoch set to sell off 21st Century Fox assets to Disney
https://www.theguardian.com/media/20...sets-to-disney
This includes their 39% share of Sky so Disney will now because the biggest shareholder of Sky and the take over bid from Fox is now less of a concern.
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14-12-2017, 10:16
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#2
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vox populi vox dei
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Re: Rupert Murdoch set to sell off 21st Century Fox assets to Disney
Quote:
Originally Posted by Damien
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Sounds like a bit of a micky mouse organisation to me.
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14-12-2017, 11:06
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#3
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Re: Rupert Murdoch set to sell off 21st Century Fox assets to Disney
Don't get what all the fuss is about. The vast majority of Sky's broadcast content is created by others, including the BBC, ITV etc.
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14-12-2017, 12:07
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#4
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Media Watcher
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Re: Comcast (Universal, NBC) looks at Fox merger
Deal just announced.....
---------- Post added at 12:07 ---------- Previous post was at 12:03 ----------
Disney to buy Fox in $52.4bn deal including Murdoch's Sky share.
Deal also includes Fox's studio, and FX channel and Star TV.
No news yet on whether a Murdoch will become the top dog at Disney. The Murdoch's will become Disney's largest shareholder with a 25% share and likely James Murdoch will become the new Disney CEO in the future.
Disney/Fox investor teleconference in a hour.
https://thewaltdisneycompany.com/wal...billion-stock/
Last edited by Horizon; 14-12-2017 at 12:14.
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14-12-2017, 12:25
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#5
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Ran Away
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Disney buys 20th Century Fox movies and tv series
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14-12-2017, 12:33
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#6
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The Invisible Woman
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Re: Rupert Murdoch set to sell off 21st Century Fox assets to Disney
Two threads merged.
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14-12-2017, 12:38
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#7
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Remoaner
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Re: Rupert Murdoch set to sell off 21st Century Fox assets to Disney
Disney now also owns The Simpsons
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14-12-2017, 12:45
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#8
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Re: Rupert Murdoch set to sell off 21st Century Fox assets to Disney
Quote:
Originally Posted by Damien
Disney now also owns The Simpsons
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Erm, there are just a few anti-trust, anti-competition hurdles to overcome before any of this happens so who knows
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14-12-2017, 13:26
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#9
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Re: Comcast (Universal, NBC) looks at Fox merger
According to the BBC Disney are also buying Fox's stake in Sky
"The deal includes Fox's 39% stake in satellite broadcaster Sky, and the 20th Century Fox film studio, Disney announced."
http://www.bbc.co.uk/news/business-42353545
However it then says in the same article....
"Fox's proposed deal to buy the remainder of Sky is being already investigated by the UK Competition and Markets Authority (CMA), which is due to publish provisional findings in January.
The BBC understands that the Disney deal will not alter that investigation."
So let me get this straight....
Disney are buying 39% of Sky from Fox. But Fox still want to buy all of Sky? So they'll sell part and then try to buy 100%? That makes no sense?
Is it just me being thick but i cant wrap my head around that whatsoever.
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14-12-2017, 13:52
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#10
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Remoaner
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Re: Rupert Murdoch set to sell off 21st Century Fox assets to Disney
I assume they're going ahead with the investigation whilst they await for the deal to be done. Maybe Disney will inherit the process of buying 100% of Sky.
One of the concerns over the Sky deal was the Murdochs owning both Sky News and News International (The Sun, The Times). That's obviously gone.
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14-12-2017, 13:56
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#11
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Re: Rupert Murdoch set to sell off 21st Century Fox assets to Disney
Quote:
Originally Posted by vincerooney
Disney are buying 39% of Sky from Fox. But Fox still want to buy all of Sky? So they'll sell part and then try to buy 100%? That makes no sense?
Is it just me being thick but i cant wrap my head around that whatsoever.
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Quote:
Originally Posted by Damien
I assume they're going ahead with the investigation whilst they await for the deal to be done. Maybe Disney will inherit the process of buying 100% of Sky.
One of the concerns over the Sky deal was the Murdochs owning both Sky News and News International (The Sun, The Times). That's obviously gone.
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https://www.theguardian.com/media/20...r-media-empire
Number 4 (part of):
Quote:
Disney’s takeover of Fox, which could take months to gain clearance in the US, will not impact the CMA continuing its investigation. Until the Disney deal gets shareholder and regulator go-ahead, the CMA must still act as if Murdoch is buying Sky.
Either way, if Disney ultimately inherits the Sky stake after the CMA has blocked the deal currently being pursued by the Murdochs, Disney can simply use the 39% shareholding to launch another full bid for Sky.
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14-12-2017, 15:52
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#12
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Re: Rupert Murdoch set to sell off 21st Century Fox assets to Disney
Ah many thanks Ben! Thought it made no sense so this clears it up!
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14-12-2017, 19:51
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#13
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Re: Rupert Murdoch set to sell off 21st Century Fox assets to Disney
Quote:
Originally Posted by Damien
I assume they're going ahead with the investigation whilst they await for the deal to be done. Maybe Disney will inherit the process of buying 100% of Sky.
One of the concerns over the Sky deal was the Murdochs owning both Sky News and News International (The Sun, The Times). That's obviously gone.
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For the short term, yes, but what is Murdoch's long term plan here?
He has spent his entire life building these companies up from scratch. Will he really be satisfied with just the possibility (and at this point it is only a possibility) that one of his sons may become a future Disney boss? I don't think so.
As I said in another thread, mice and tigers don't mix, tigers win always. Don't be surprised if somehow, no idea how, that Disney becomes Murdoch's company in the end.
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14-12-2017, 19:53
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#14
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Remoaner
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Re: Rupert Murdoch set to sell off 21st Century Fox assets to Disney
Quote:
Originally Posted by Horizon
For the short term, yes, but what is Murdoch's long term plan here?
He has spent his entire life building these companies up from scratch. Will he really be satisfied with just the possibility (and at this point it is only a possibility) that one of his sons may become a future Disney boss? I don't think so.
As I said in another thread, mice and tigers don't mix, tigers win always. Don't be surprised if somehow, no idea how, that Disney becomes Murdoch's company in the end.
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Money. Murdock can't afford Disney anyway and even if one of his son's does raise up the ranks they're beholden to shareholders.
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14-12-2017, 20:10
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#15
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cf.mega poster
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Re: Rupert Murdoch set to sell off 21st Century Fox assets to Disney
It allows Rupert to spend more time with Jerry Hall and less time with directors and analysts.
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