21st Century Fox has been holding talks to sell most of the company to Disney - Page 5

*ranger_scout* · 05-07-2018, 06:33 PM

Comcast is apparently planning an all cash bid to stop Disney from acquiring Fox.

https://www.reuters.com/article/us-f...-idUSKBN1I82I7

*NinjaPug* · 05-07-2018, 06:52 PM

The Murdochs picked Disney for a reason despite having a higher bid from Comcast.

*TigerClaw* · 05-07-2018, 06:55 PM

Quote:

Originally Posted by NinjaPug

The Murdochs picked Disney for a reason despite having a higher bid from Comcast.

Yeah. Disney will own Fox. Don't know why Comcast wants Fox. They already own Universal Pictures anyways.

*NinjaPug* · 05-07-2018, 07:08 PM

Quote:

Originally Posted by TigerClaw

Yeah. Disney will own Fox. Don't know why Comcast wants Fox. They already own Universal Pictures anyways.

Why do you think Disney wants Fox?

*MsMarvelDuckie* · 05-07-2018, 08:53 PM

X-Men, Fantastic Four, Deadpool, need more reasons?

*oldmanwinters* · 05-07-2018, 09:38 PM

Quote:

Originally Posted by NinjaPug

Why do you think Disney wants Fox?

Quote:

Originally Posted by MsMarvelDuckie

X-Men, Fantastic Four, Deadpool, need more reasons?

Majority interest in Hulu?

*Andrew NDB* · 05-07-2018, 09:59 PM

Translation: very minor annoyance in the news today for Disney in the middle of their already signed and secured deal to acquire Fox that is only awaiting a government thumbs up that it's wholly expected to receive soon enough.

*ranger_scout* · 05-10-2018, 07:01 PM

Disney is considering letting Comcast have Sky Plc and keeping the rest of FOX's assets.

https://www.hollywoodreporter.com/ne...assets-1110153

*ranger_scout* · 05-23-2018, 10:34 AM

Comcast has now confirmed its plan to outbid Disney to acquire Fox.

http://deadline.com/2018/05/comcast-...ybrkr=db8f349f

*Andrew NDB* · 05-23-2018, 10:43 AM

Quote:

Originally Posted by ranger_scout

Comcast has now confirmed its plan to outbid Disney to acquire Fox.

http://deadline.com/2018/05/comcast-...ybrkr=db8f349f

"Outbid"? There is no outbidding. The time for bidding ended a year ago, Fox publicly accepted Disney's offer and they're both just waiting on government approval. We don't even know if Fox can or will entertain additional offers from anybody and after spending 2 years in government review (by the time it's done next summer), I'm not sure any party is keen to repeat the process and spend another 2 years doing the same.

*NinjaPug* · 05-23-2018, 11:15 AM

Comcast already outbid Disney. Fox wanted the all stock deal from Disney for a number of reasons.

*Andrew NDB* · 05-23-2018, 11:25 AM

Quote:

Originally Posted by NinjaPug

Comcast already outbid Disney. Fox wanted the all stock deal from Disney for a number of reasons.

True, but a lot of these articles are acting like there is still a bidding war going on, a year after Fox accepted Disney's offer. There's not.

*NinjaPug* · 05-23-2018, 11:31 AM

Quote:

Originally Posted by Andrew NDB

True, but a lot of these articles are acting like there is still a bidding war going on, a year after Fox accepted Disney's offer. There's not.

That's not true. Shareholders from both sides still have to approve the Disney deal this summer and any new offer from Comcast would still be viable and could negate the Disney offer. Fox would have to pay Disney over $1 billion if they backed out.

Technically it could happen but these sites are acting like a war is going to break out for Fox because Comcast is increasing their bid. That's not going to happen.

*Andrew NDB* · 05-23-2018, 11:39 AM

Quote:

Originally Posted by NinjaPug

Shareholders from both sides still have to approve the Disney deal this summer

I must have missed where the shareholders weren't already on board. Is there an article about this anywhere?

*NinjaPug* · 05-23-2018, 11:59 AM

Quote:

Originally Posted by Andrew NDB

I must have missed where the shareholders weren't already on board. Is there an article about this anywhere?

It's in the original press release detailing the transaction:

Quote:

The Boards of Directors of Disney and 21st Century Fox have approved the transaction, which is subject to shareholder approval by 21st Century Fox and Disney shareholders, clearance under the Hart-Scott-Rodino Antitrust Improvements Act, a number of other non-United States merger and other regulatory reviews, and other customary closing conditions.

*Andrew NDB* · 05-23-2018, 12:16 PM

Quote:

Originally Posted by NinjaPug

It's in the original press release detailing the transaction:

Oh, OK. I must have glossed over that.

*NinjaPug* · 05-29-2018, 02:42 PM

Disney is lining up financing in case Twenty-First Century Fox's board demands cash, sources told CNBC.

Disney is prepared to offer significant cash if needed, the sources said. The two are in agreement on a $52.4 billion bid for Disney to buy Fox's movie studio and other assets. But Disney is competing with a potential bid by Comcast, the parent of CNBC.

Comcast is expected to make a bid if a federal judge rules in favor of AT&T in a trial over its merger with Time Warner. Its offer is expected to top Disney's and be in all cash. Disney is preparing to counteract in the event Fox's board decides it wants cash as part of Disney's deal, which currently is all stock.

Disney is looking at whether it will add cash on top of its existing bid or simply change the composition of the bid to include cash.

Last week, Comcast said it was in "advanced stages of preparing" a superior all-cash offer for the Fox assets. But Disney's all-stock offer has been viewed more favorably because the assets could be spun off tax-free.

https://www.cnbc.com/amp/2018/05/29/...mpression=true

*CyberCubed* · 05-29-2018, 04:13 PM

LOL, all this money to buy Fox of all things.

*Shark_Blade* · 05-29-2018, 06:30 PM

I mean at least maybe we’ll get an X-Files theme park at Disneyland.

*CyberCubed* · 05-29-2018, 09:45 PM

So many of Fox's properties are dying or dead too:

X-files = pretty much going to end again
Alien franchise = dead and buried
Predator = has one new movie coming
Simpsons = It's on Season 30 and hasn't been good for a decade and a half
Family Guy = Is probably going to end eventually
Married with Children = ended, they'd have to reboot it

05-07-2018, 08:53 PM	#85
MsMarvelDuckie I Married a Duck! Join Date: Jan 2013 Location: The bowels of Hell, Texas(otherwise known as Decatur) Posts: 8,772	X-Men, Fantastic Four, Deadpool, need more reasons? __________________ "You IDIOTS! You've captured their STUNT doubles!" -from "Spaceballs" "Where Science ends, magic begins." -Spiral, Uncanny X-Men #491 My various stories and fan-fics are now here- https://m.fanfiction.net/u/4770494/#end

05-07-2018, 09:59 PM	#87
Andrew NDB Weed Whacker Join Date: Apr 2007 Location: Auburn, WA Posts: 29,231	Translation: very minor annoyance in the news today for Disney in the middle of their *already signed and secured deal to acquire Fox* that is only awaiting a government thumbs up that it's wholly expected to receive soon enough. __________________ [ ODYSSEY \| ORIGIN \| THE IMAGE/VOL. 3 CONCLUSION \| THE SHELLSHOCKED PODCAST \| ON FACEBOOK ]

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05-07-2018, 06:33 PM	#81
ranger_scout Foot Elite Join Date: May 2014 Location: Texas Posts: 3,054	Comcast is apparently planning an all cash bid to stop Disney from acquiring Fox. https://www.reuters.com/article/us-f...-idUSKBN1I82I7

05-07-2018, 06:52 PM	#82
NinjaPug Foot Elite Join Date: Mar 2012 Posts: 4,388	The Murdochs picked Disney for a reason despite having a higher bid from Comcast.

05-10-2018, 07:01 PM	#88
ranger_scout Foot Elite Join Date: May 2014 Location: Texas Posts: 3,054	Disney is considering letting Comcast have Sky Plc and keeping the rest of FOX's assets. https://www.hollywoodreporter.com/ne...assets-1110153

05-23-2018, 10:34 AM	#89
ranger_scout Foot Elite Join Date: May 2014 Location: Texas Posts: 3,054	Comcast has now confirmed its plan to outbid Disney to acquire Fox. http://deadline.com/2018/05/comcast-...ybrkr=db8f349f

05-23-2018, 11:15 AM	#91
NinjaPug Foot Elite Join Date: Mar 2012 Posts: 4,388	Comcast already outbid Disney. Fox wanted the all stock deal from Disney for a number of reasons.

05-29-2018, 02:42 PM	#97
NinjaPug Foot Elite Join Date: Mar 2012 Posts: 4,388	Disney is lining up financing in case Twenty-First Century Fox's board demands cash, sources told CNBC. Disney is prepared to offer significant cash if needed, the sources said. The two are in agreement on a $52.4 billion bid for Disney to buy Fox's movie studio and other assets. But Disney is competing with a potential bid by Comcast, the parent of CNBC. Comcast is expected to make a bid if a federal judge rules in favor of AT&T in a trial over its merger with Time Warner. Its offer is expected to top Disney's and be in all cash. Disney is preparing to counteract in the event Fox's board decides it wants cash as part of Disney's deal, which currently is all stock. Disney is looking at whether it will add cash on top of its existing bid or simply change the composition of the bid to include cash. Last week, Comcast said it was in "advanced stages of preparing" a superior all-cash offer for the Fox assets. But Disney's all-stock offer has been viewed more favorably because the assets could be spun off tax-free. https://www.cnbc.com/amp/2018/05/29/...mpression=true

05-29-2018, 04:13 PM	#98
CyberCubed Overlord Join Date: Dec 2004 Posts: 41,002	LOL, all this money to buy Fox of all things.

05-29-2018, 06:30 PM	#99
Shark_Blade Emperor Join Date: Mar 2007 Posts: 7,902	I mean at least maybe we’ll get an X-Files theme park at Disneyland.

05-29-2018, 09:45 PM	#100
CyberCubed Overlord Join Date: Dec 2004 Posts: 41,002	So many of Fox's properties are dying or dead too: X-files = pretty much going to end again Alien franchise = dead and buried Predator = has one new movie coming Simpsons = It's on Season 30 and hasn't been good for a decade and a half Family Guy = Is probably going to end eventually Married with Children = ended, they'd have to reboot it