|Bid||101.680 x 1300|
|Ask||101.700 x 1100|
|Day's Range||101.210 - 102.860|
|52 Week Range||96.200 - 113.190|
|PE Ratio (TTM)||14.45|
|Forward Dividend & Yield||1.68 (1.67%)|
|1y Target Est||N/A|
Comcast - now confirming its in in advanced states of prepping a 'superior' all-cash bid for Fox assets that Disney had already made a deal.
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Well, in short, Marvel's Black Panther happened. Walt Disney's Black Panther didn't just earn rave reviews, Oscar buzz and a domestic total just under $700 million from a $242m Fri-Mon Presidents Day debut. In an era when consumers only go to event movies and one all-consuming tentpole (The Martian, Captain America: Civil War, etc.) can suck all of the oxygen out of the room, Black Panther was the movie night/date night pick for almost every conceivable demographic.
The fight for Fox is not the first time that Comcast and Disney have crossed swords. In 2004, Comcast made a $54bn unsolicited offer for Disney, with Brian Roberts, the company’s chief executive, saying a purchase would “restore the Disney brand” following a fallow few years.
Comcast’s (CMCSA) NBCUniversal segment has been generating robust revenue growth over the past several quarters. In the first quarter, the company posted strong revenue growth in the division driven by its growing theme park and cable network and TV businesses. The segment’s coverage of the 2018 Winter Olympic Games and the Super Bowl bolstered its profitability in the cable network and TV business.
The Trump administration says it is pressing European allies to impose tougher sanctions on Moscow. Wary that Russia could seek to exploit a growing transatlantic rift over the Iran nuclear deal and US plans to impose tariffs on imports of European goods, a US delegation will meet counterparts in Brussels and London this week to press its case.
Of the companies that saw big financial benefits from tax reform, several decided to share the wealth with their employees.
British pay-TV group Sky has become the target of a bidding war involving some of the world’s largest media companies. Here, the potential multibillion dollar deal is explained, with details of the interested ...
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 is escalating its threat to disrupt Walt Disney ...
One scoop to start: A trio of top shareholders in Ireland’s Smurfit Kappa have demanded that Europe’s largest cardboard box maker end its refusal to engage with International Paper and enter into negotiations with the US group that has offered nearly €9bn to buy it. The merits of such a combination, which Lex weighs here, were discussed in theoretical terms between a director at each of the banks, according to people familiar with recent events.
Bruce Rosenblum is exiting as president of business operations for the Disney/ABC Television Group after less than two years in the position. The departure comes two months after parent company Walt Disney Co. reorganized its operations, a move that resulted in Mr. Rosenblum losing key areas of responsibility including oversight of advertising sales, distribution and digital-media strategy for the unit. In a memo to staff Wednesday, Mr. Rosenblum’s boss, Disney/ABC TV Group President Ben Sherwood, said the two had discussions about other roles with Disney, but that Mr. Rosenblum has opted to depart at the end of the month.
Comcast Corp. is escalating its threat to disrupt Walt Disney Co.’s megadeal to buy the bulk of 21st Century Fox Inc.’s assets, a potential move that could reshape the power structure in the entertainment industry. Comcast said on Wednesday it is in advanced stages of preparing a cash offer that would top Disney’s all-stock, $52.4 billion deal for Fox’s entertainment businesses. One major Fox shareholder is also urging the company to engage with Comcast, adding pressure as the cable giant gets ready to appeal directly to Fox shareholders.
Comcast Corp confirmed on Wednesday it was preparing a higher, all-cash offer for most of the media assets of Twenty-First Century Fox, setting up a bidding war with rival Walt Disney Co, which already has agreed to a $52-billion deal with Fox. The largest U.S. cable operator said it was in advanced stages of readying a bid that would be superior to Disney's all-stock offer. "While no final decision has been made, at this point the work to finance the all-cash offer and make the key regulatory filings is well advanced," Comcast said in a statement.
Moody's Investors Service placed Comcast Corporation's (Comcast) A3 long term debt ratings on review for downgrade following the company's announcement today that it is considering and is in advanced stages ...
ESPN has finalized its multi-platform, multiyear deal with UFC, and the package is even bigger than previously announced, securing exclusive digital and television rights.
Stock reversed earlier losses on Wednesday and finished slightly higher after the Federal Open Market Committee released minutes from its May meeting. Stocks fell earlier in the day after comments from President Donald Trump that cast doubt on a planned nuclear summit with North Korea and ongoing trade talks with China. Trump told reporters in Washington there was a "substantial chance" his June 12 meeting in Singapore with North Korea's Kim Jong Un may not take place, given the change in tone the regime has displayed since criticizing a joint U.S.-South Korea military exercise last week.
All three major indices closed Wednesday's session in the green after spending most of the session in negative territory. The Dow rose 0.21%, or 52 points after falling as much as 150 points, closing the session at 24,887, while the S&P 500 rose 0.32%, closing the day up 9 points to 2,733 and the Nasdaq rose 0.64%, or 48 points to close the day at 7,426. Users can finally know what Apple Inc.
Norway's $1 trillion (£748.91 billion) wealth fund voted against a motion at Shell's (RDSa.L) annual meeting urging the energy giant to set climate targets, despite a push the fund is making for more firms to do so. Long-term investors with $10.4 trillion of assets under management, including banks BNP Paribas (BNPP.PA) and HSBC (HSBA.L), had called on Shell to set firm carbon emission targets in line with the 2015 Paris Agreement on climate change. Tuesday's motion was opposed by 95 percent of the company's investors on Tuesday, including the Norwegian fund, whose spokesman said it believed companies were in a better position to set their own targets.
Comcast Corp. will approach 21st Century Fox Inc. shareholders as soon as this week to discuss its plan to snatch away the media company’s trove of entertainment properties from rival suitor Walt Disney Co., according to a person briefed on the matter. The cable giant also has told the Justice Department about its interest in the Fox assets, an early step in addressing antitrust concerns about a potential transaction, according to the person, who asked not to be identified because the deliberations are private. Comcast is laying the groundwork for a deal after confirming its desire to outbid Disney for the Fox operations, which represent most of that company’s entertainment holdings.
Just last week, I wrote a piece on why the S&P 500 could rally big this summer, and which summer stocks to buy to maximize return in that rally. This combination of historically normal valuation and historically above-normal earnings growth has the S&P 500 trading at a PEG (price-to-earnings/growth) ratio of just 1.