You're back been_there! Good to see you here again. ExpTrader has a message in your email to join the private board. Can you let him in?
Bellacristo, thanks for your insight. I don't have a medical background but I was thinking the same thing as you so it gives me validation. How smart the team is to start their first indication with a disease that affects patients that have a very specific mutation affecting 90% of the population. The odds are in their favor that the results of the study will be very positive and effective in helping them. And once efficacy is shown here, it opens up the door to so many diseases that the platform can treat.
It is interesting that they will be doing the study with 2nd generation ASO drugs instead of GSOs. I hope the limitations of generation 2 drugs will be minimal in treating the patients with Waldenstroms. The IDRA team must have weighed the pros and cons of which platform to use in its studies and must have felt that they needed to start the studies and move forward while still planning the indications they will pursue with the GSO platform
LOS ANGELES (Reuters) - Rupert Murdoch jets into Idaho's Sun Valley next week for the year's most exclusive tech and media industry gathering, armed with both the money and the appetite for a major deal.
The 83-year-old Twenty-First Century Fox Inc chief executive officer, a regular at investment bank Allen & Co's annual gathering, is in the midst of a deal that would give Fox the firepower to buy a content company.
Fox's 39 percent-owned British Sky Broadcasting Group Plc is negotiating to buy Fox's Sky Italia and its Sky Deutschland subsidiary in a deal that could net Fox as much as $13 billion.
"He's got the capital, resources and credibility to do a deal," said Mark Boidman, managing director of investment bank Peter J. Solomon Company, who is not attending the conference. "He's in a good position to know what to go after and when to do it."
Sun Valley will be teeming with CEOs whose companies might fit the bill. Among expected attendees are Time Warner Inc CEO Jeff Bewkes and Viacom Inc CEO Philippe Dauman.
Murdoch's interest in Time Warner despite its $62 billion market value has been the subject of industry speculation. He still covets the owner of HBO, among other potential targets, according to a former News Corp employee told by executives recently about Murdoch's interest.
The source did not know if Murdoch had made an approach. Time Warner spokesman Keith Cocozza and Fox spokesman Nathaniel Brown declined to comment.
"I'm not sure he could afford it, but you never want to say that about Rupert Murdoch," said former Viacom President Frank Biondi, an Allen & Co regular who is not going this year.
Some of the highest-profile chieftains in media and technology, from Facebook Inc's Mark Zuckerberg to Apple Inc's Tim Cook, gather at Sun Valley each year.
The conference generated deal discussions in the past. Comcast Corp CEO Brian Roberts discussed NBC with General Electric Co CEO Jeff Immelt one year. Biondi says he began talks to sell Madison Square Garden to John Malone's Liberty Media Corp there, but the deal fell apart.
Murdoch will be accompanied by sons Lachlan and James. Earlier this year, the elder Murdoch elevated Lachlan to non-executive co-chairman and James to co-chief operating officer. James has been especially interested in acquisitions, said a former top executive at News Corp familiar with their thinking.
Murdoch will not be the only acquisition-minded executive in Sun Valley next week.
Discovery Communications Inc CEO David Zaslav, whose company in May bought control of European sports TV programmer Eurosport, will be there.
So will Liberty Global Plc CEO Mike Fries, whose company and Discovery are negotiating to buy a stake in Formula One racing.
I agree RAJ. Still long here. I like what is going strategically. LGF will grow organically over time with new segments and opportunities (TV expanding, video games (which can bring in more money than a box office hit), theme parks/franchise license fees, continued growth of TVGN and EPIX, global strategies--recent news on Australia (Quickflix and Janoskians) and growth in India, Russia,etc, monetizing internet subscribers in the millions via Rocketjump, BeFit, etc.) OR------ LGF will be acquired. Either way, the trajectory is up, so all reasons to stay long.
Ha Ha, this company and drug platform research has existed for over 20 years and will not be going bankrupt anytime soon.
QUICKFLIX ENTERS INTO AGREEMENT WITH LIONSGATE TELEVISION INTERNATIONAL FOR STREAMING OF PREMIUM TV SERIES
BY REGAN4 JUN 2014NEWSQUICKFLIX
Quickflix, Australia and New Zealand’s premiere online streaming service, today announced it has entered into an agreement with Lionsgate’s international television division to license TV series for its transactional digital service. Lionsgate is a premier next generation global content leader.
TV series from Lionsgate will be available through Quickflix’s premium pay-per-episode and season pass service in Australia and New Zealand and include iconic brands such as Emmy® Award-winners Mad Men, Weeds and Nurse Jackie as well as emerging hits such as Nashville and the breakthrough sensation Orange is the New Black.
Quickflix streaming service is the most accessible of its kind available over a wide array of smart TVs, game consoles, mobile, tablet and other devices. Demand has grown sharply with the volume of streaming growing by over 20 per cent quarter on quarter over the past nine months.
Commenting on the licensing agreement with Lionsgate, Quickflix Founder and CEO Stephen Langsford said, “We are very excited to be introducing Lionsgate to our stable of international and local premium content partners. Lionsgate has established a reputation for hugely successful and critically-acclaimed film and TV content worldwide and this agreement allows us to bring to audiences edgy TV drama series including those not previously broadcast on free-to-air in Australia and New Zealand.”
The 62 year-old tycoon, who built a family owned port and logistics business in Africa and raided blue-chip companies like ad agency Havas, has a reputation for playing his cards close to his chest. He has not even told Vivendi executives what he wants the company to do after pending asset sales are completed, said the two people.
As a result, Vivendi is not expected to move on deals until late this year or next, they said.
"We don't need ideas; we have lots of them," said one company insider.
"But no one really knows if Bollore wants to recenter the group around Canal Plus, sell off music, or do something else ... honestly the guy is a total mystery."
A Vivendi spokesman said the company was in no rush to do deals and would take time to consider its options.
Since declaring a "no taboo" era in spring 2012 aimed at reversing a share slump, Vivendi has sold its video games arm Activision Blizzard, Maroc Telecom and French telecom operator SFR.
Investors, who will get close to 5 billion euros in dividends and share buybacks by the end of next year, have been rewarded for their patience. Shares that were trading at 12 euros when the overhaul started have settled at 19 euros after hitting 21 euros in February, the highest level in three years.
Vivendi's three remaining businesses - Universal Music, GVT and Canal Plus - face relatively modest growth prospects and generate little cost savings by being kept together. JP Morgan sees sales at Universal and Canal Plus growing 1.7 percent on a compound annual basis from 2014 to 2016. GVT will grow a bigger 10 percent on a compound annual basis from 2014 to 2016, but does not yet generate cash.
"Vivendi must decide if it wants to forge a coherent media company with a real strategy or if it is content to be a holding company with a collection of assets," said Gunjan Dixit, an analyst at ratings agency Moody's.
Bernstein Research analyst Claudio Aspesi said the prudent course would be for Vivendi to buy companies to strengthen Universal and Canal Plus. "While the temptation will be to acquire flashier digital media businesses, the risk is real that Vivendi overpays for targets that bring few synergies," he said.
Although Universal's market share is too big in recorded music to grow further by acquisitions, it could branch out into complementary areas like merchandising or doing more with a Vivendi-owned ticketing business called Digitick. Expanding into concert promotion or live events would be a good way to bolster Universal, said a sector banker.
Canal Plus, France's biggest pay-TV operator, could add additional countries beyond the current ones of Poland, Vietnam and some of French-speaking Africa.
Canal Plus has seen subscribers defect to Al Jazeera-owned sports channel beIN Sports, and also faces new competition from Internet-based players like Netflix, which will launch in France this autumn. Further pressure could come if Rupert Murdoch finalises talks to combine his European TV interests in a single company led by Britain's BSkyB.
However there are a limited number of pay-TV targets for Vivendi- Mediaset Premium in Italy and Digiturk in Turkey are two - and little evidence that being in pay-TV in different countries generates cost savings since content rights are local.
"There is more value in acquiring a Middle Eastern satellite player like OSN, which is also present in North Africa, than a US-based pay TV specialist," another banker said.
"A takeover of OSN would bridge the gap with viewers in North Africa and offers higher-growth opportunities."
Bollore could well be tempted to look further afield in digital media.
One person who met Vivendi recently came away with the impression that the entrepreneur favoured a bold approach. "Vivendi will favour a multibillion acquisition that could transform its media business and give it access to the digital universe," said the person.
"Bollore's strategy is to look at a single transformational deal rather than a string of mid-market ones." ($1 = 0.7368 Euros)
Vivendi and LGF?
PARIS/LONDON, June 19 (Reuters) - If Vivendi was to draw up a personal ad to find its perfect partner it would read:
"Freshly divorced from telecoms, 160-year-old holding company seeks attractive media businesses to spark growth. Pitches welcome, contact major shareholder Vincent Bollore."
After selling three of its six businesses in the past year in a strategy overhaul, Vivendi(VIVEF), one of France's largest companies, has up to 10 billion euros ($13.6 billion) to remake itself depending on how much debt it is willing to take on.
People close to the company say Vivendi(VIVEF) is likely to target acquisitions in different areas to its French pay-television operator Canal Plus and Universal Music Group, which are already too big in their respective markets to expand further.
Bankers are honing pitches to buy U.S.-based TV companies like AMC, Starz, and Scripps Network Interactive, or a movie studio such as Lionsgate , said two of the people. If U.S. valuations are too high, Vivendi(VIVEF) could scoop up TV and movie producers in Europe or look to new areas such as live sports or concerts, said one of the people.
Vivendi (VIVEF) will also have to do something with its Brazilian broadband unit GVT, which does not fit with the new focus on media, the people said. This business, valued from 4.9 to 5.4 billion euros, could be sold or merged with local mobile player Telecom Italia's TIM. Vivendi(VIVEF) says GVT is not for sale.
Vivendi (VIVEF) has so far said nothing about its plans, despite being six months into an internal review led by future chief executive Arnaud de Puyfontaine, who joined from magazine group Hearst in January.
That is because Vincent Bollore, Vivendi's(VIVEF) second-largest shareholder with a 5 percent stake, will become the real boss once he takes over as board chairman at a June 24 shareholder meeting.
27.90 on 200 shares. Looks like someone meant to put in an order at 22.90.
However, I did notice some accumulation today on volume that has been better than recent days. I am still waiting to see what kind of one time dividend might be in store for investors upon the finalization of the sale at the end of July.
Thanks for posting the rest realt101. I tried multiple times, but YAHOO would not let my post go through for some reason.
Distributors of pay-television services have been pairing up in megaSHYmergers. Now, the companies that make the shows may not be far behind.
After years of pursuing a cautious strategy that emphasized returning capital to shareholders over making splashy acquisitions, U.S. media companies are priming themselves for what many industry executives believe will be a major round of consolidation.
One possible trigger: Their biggest customers, the cable and satellite-TV providers that pay to license their TV channels, are gaining scale through their own deals. Cable giant Comcast Corp.(CMCSA) is seeking government clearance to buy Time Warner Cable Inc.(TWC) while DirecTV(DTV) is joining up with AT&T Inc.(T)
The behemoths that result from those two deals, which combined will have more than half of all pay-TV subscribers, could have increased leverage when negotiating for programming and threaten the subscription revenue U.S. media companies depend on.
Most susceptible to being squeezed, analysts and executives say, are smaller TV channel owners such as AMC Networks(AMCX), home of "The Walking Dead," and Food Network owner Scripps Networks Interactive. Selling to bigger competitors could help these companies beat back the threat.
Another potential acquisition target: Spanish-language broadcaster Univision Communications, which has sharply criticized the Comcast(CMCSA) merger, saying it would give the cable giant "staggering influence over Hispanic consumers." Univision's owners, mostly private-equity firms along with billionaire Haim Saban, have had preliminary discussions with big media companies including CBS Corp.(CBS) and Time Warner Inc.(TWX), The Wall Street Journal reported on Thursday night.
The most likely acquirers include big media conglomerates like 21st Century Fox Inc.(FOXA) and Walt Disney Co., whose size and control of popular sports, news and broadcast programming give them extra leverage over pay-TV providers.
Thanks for the response, #$%$. Getting caught up here again. Still held a core, but purchased some trading shares on the good migraine results today. GL!
The Baker Brothers are back. They must see the timing as ideal. I believe they held a sizable position in the past before this patent suit nonsense.