Tag Archives: 21st Century Fox

Variety reports: Disney has set March 20 as the closing date for its acquisition of 21st Century Fox. Disney announced the formal closing process Tuesday morning, indicating that the company has received the last major approval for the deal from regulators in Mexico. Disney said current 21st Century Fox shareholders will have until 5 p.m. ET Thursday to choose the …

Variety reports: Comcast Corp. said it would bow out of its bidding war with Disney to acquire major 21st Century Fox assets, and instead focus on acquiring the European satellite TV provider Sky, likely clearing the way for Disney to take control of the Murdoch family’s Fox assets and intensify a looming battle with Netflix and other video-streamers for media-industry …

Reuters reports: U.S. cable operator Comcast Corp is asking investment banks to increase a bridge financing facility by as much as $60 billion so it can make an all-cash offer for the media assets that Twenty-First Century Fox Inc has agreed to sell to Walt Disney Co for $52 billion, three people familiar with the matter said on Monday. Comcast …

CNBC reports: European Commission investigators raided Twenty-First Century Fox’s London office on Tuesday. Sources at the location told the newspaper that authorities were trying to be discreet and had been told to keep details of their mission confidential. The Telegraph reported that investigators will be on site through Wednesday and maybe Thursday. The raid comes amid Fox’s drawn out takeover …

The New York Times reports: James Murdoch, the chief executive of 21st Century Fox and the son of a frequent ally of President Trump’s, condemned the president’s performance after the violence in Charlottesville, Va., and pledged to donate $1 million to the Anti-Defamation League. In an email on Thursday, a copy of which was obtained by The New York Times …