|Bid||34.20 x 100|
|Ask||34.38 x 100|
|Day's Range||34.29 - 34.94|
|52 Week Range||30.43 - 44.00|
|PE Ratio (TTM)||7.01|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||0.76 (2.26%)|
|1y Target Est||42.56|
This week's most important tech headlines include Facebook, Google and Twitter participating in a US Judiciary hearing, Google's $5 billion EU fine and Comcast's dropping out of contention to purchase Fox.
Jul.20 -- Comcast Corp. stepped back from its bid for Twenty-First Century Fox assets, leaving the Walt Disney Co. as the victor in a deal worth $71 billion. Bloomberg's Nabila Ahmed looks at how Rupert Murdoch benefits from the bidding war that pushed up the final sale price. She speaks on "Bloomberg Daybreak: Americas."
Ian Whittaker, media analyst at Liberum, speaks about the latest developments as Comcast and Disney jostle to buy U.K. broadcaster Sky.
Universal Orlando's Volcano Bay is gaining ground on Blizzard Beach and Typhoon Lagoon, and in some ways has already surpassed Disney's older water attractions.
After raising the white flag in the battle with Walt Disney Co. for the bulk of Rupert Murdoch’s media empire, Comcast Corp. Chief Executive Officer Brian Roberts has one last prize to fight for: the British pay-TV company Sky Plc. Comcast currently has the upper hand in the race for Sky, with an offer of 26 billion pounds ($34 billion) that’s 6 percent higher than a rival, Disney-backed bid by Murdoch’s 21st Century Fox Inc., which already owns 39 percent of the company. Buying Sky would give Comcast international scale, a hedge against the erosion of cable-TV viewing in the U.S. and a larger palette to compete with streaming services like Amazon.com Inc. and Netflix Inc. Sky has 22.5 million customers across five European countries -- a continent where pay-TV trends have been more stable -- and is pushing into Spain and Switzerland.
The Los Angeles startup will use the money to open an office for engineer and data teams, probably in Atlanta.
New York's Insight Venture Partners closed a $6.3 billion to invest in growth-stage companies. The round was led by Atlassian TEAM co-founder and CEO Mike Cannon-Brookes. Agriculture-tech company Indigo Agriculture , a 2018 CNBC Disruptor 50 company, is aiming to raise $300 million in a new round, seven months after raising $203 million, according to Pitchbook .
At least 10 percent of the New York Mets is going up for sale, according to people familiar with the matter. Three minority owners, and possibly others, are selling their stakes, according to the people, who asked for anonymity because the matter isn’t public. The sellers include Comcast Corp. and Charter Communications Inc., which are also investors in SNY, the team’s broadcast network.
Ryan McQueeney and Maddy Johnson take on this week's biggest stories, including the latest twist in the ongoing battle between Comcast and Disney to buy Fox assets, Google's new legal headache in Europe, and earnings report from the likes of IBM and Microsoft.
Bank lending for US mergers and acquisitions of high-grade companies will scale new heights this year, as the voracious appetite for mega-deals persists even while credit markets turn choppy and recession talk surfaces, bankers and strategists said. M&A lending to US blue chip companies could top US$250bn by year end, according to Thomson Reuters LPC’s quarterly lending survey, in what would be a record, far surpassing the prior high of around US$203bn last year. This year has already seen three of the 10 largest US investment grade bridge loans of all time – extended to Walt Disney for Fox, US cable company Comcast’s ongoing bid for European broadcaster Sky, and health insurer Cigna for pharmacy benefits manager Express Scripts.
The bidding war appears over. At least, the bidding war between Disney (NYSE:DIS) and Comcast (NASDAQ:CMCSA) for most of the assets from Twenty-First Century Fox (NASDAQ:FOX, NASDAQ:FOXA). The news sent Disney stock higher by 1.3% and ironically, Comcast stock up 2.6% as well.
Comcast (NASDAQ:CMCSA) gave up its pursuit of 21st Century Fox (NASDAQ:FOXA) assets, and will focus on trying to buy Sky (OTCMKTS:SKYYY). Comcast stock rose 3.3% on the news in early trading July 19. The move, announced shortly before trading opened,, was made inevitable by the Justice Department decision to appeal the AT&T (NYSE:T) purchase of Time Warner.
Comcast Corp. stepped back from its bid for Twenty-First Century Fox assets, leaving the Walt Disney Co. as the victor in a deal worth $71 billion. Bloomberg's Nabila Ahmed looks at how Rupert Murdoch ...
Dow component The Walt Disney Company ( DIS) broke out of a three-year triangle pattern on Thursday after Comcast Corporation ( CMCSA) dropped its bid for Twenty-First Century Fox, Inc. ( FOXA) assets, ending a seven-month bidding war. Disney has scheduled a July 27 shareholder meeting to vote on the acquisition, which should be ratified by a wide margin. The stock topped out in 2015 after the ESPN division reported weaker-than-expected growth, raising fears about millennial cord cutting in the previously bullet-proof sports category.
NEW YORK, NY / ACCESSWIRE / July 20, 2018 / Shares of Disney roared after Wall Street learned that Disney is the victor in the bidding war for the entertainment assets of Rupert Murdoch’s 21st Century Fox’s entertainment assets. Shares of Comcast also ended in the green as the company said it is now going after the remaining shares of Sky that it does not own. The Walt Disney Company shares closed up 1.30% on high volume yesterday as traders digested the news that Disney had won the bidding war between it and Comcast Corporation for 21st Century Fox's entertainment assets.
Comcast is ratcheting up the pressure on Disney over its pursuit of Sky, analysts told CNBC on Friday, shortly after it dropped out of the race to acquire Twenty-First Century Fox.
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Comcast Corp dropped its bid for Twenty-First Century Fox entertainment ...
The following are the top stories on the New York Times business pages. - Comcast Corp on Thursday said it was abandoning its bid to acquire a major chunk of Twenty-First Century Fox Inc but would continue its push to win control of British satellite broadcaster Sky Plc, a move that ended a complex bidding war for Rupert Murdoch's media company. - A federal judge has rejected New York City's lawsuit to make fossil fuel companies help pay the costs of dealing with climate change.
Rupert Murdoch had one more blockbuster deal in him. The 87-year-old mogul is poised to complete a $71 billion sale of selected 21st Century Fox Inc. assets to Walt Disney Co. While Murdoch’s track record is mixed -- the 2005 investment in MySpace was a half-billion dollars he never saw again -- this transaction will cement his legacy as one of the media world’s top wheeler-dealers. After competition from Comcast Corp. pushed Disney to boost its winning bid, Murdoch stands to add about $3 billion of Disney stock to what Bloomberg Billionaires Index estimates is already a $18.1 billion fortune.
Asian markets wobbled Friday on signs that China and the U.S. were preparing to impose more tariffs on each other's products. KEEPING SCORE: Japan's Nikkei 225 lost 0.5 percent to 22,652.42 and South Korea's ...
Comcast Corp. dropped its bid for 21st Century Fox’s entertainment assets amid mounting odds, clearing the way for rival Walt Disney Co. to acquire key pieces of Rupert Murdoch’s media empire for $71.3 billion. Comcast has the higher offer for the operator, in which Fox already owns a 39% stake. Disney Chief Executive Robert Iger has called Sky a “crown jewel” in the deal for Fox.