|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||107.20 - 111.54|
|52 Week Range||96.20 - 116.10|
|PE Ratio (TTM)||19.43|
|Forward Dividend & Yield||1.68 (1.61%)|
|1y Target Est||N/A|
Disney shares are higher after announcing it's spending $52 billion for most of 21st Century Fox's film and TV assets.
Disney (DIS) is spending $52 billion for most of 21st Century Fox’s (FOXA) film and TV assets. Disney shares are up over 2% on the deal news. Disney will also take on about $13 billion in debt.
The Disney-Fox deal is official, and will include Disney acquiring Fox's regional sports networks. Here's what that means for ESPN.
As a result, Disney will acquire Fox's film division and much of its TV operations for a price of over $52 billion in stock. Disney will take over the Nat Geo network, Star TV, Fox's movie and TV studios and its stakes in both Sky and Hulu, as well as the parts of the business that focus on regional sports broadcasting. Fox News, Fox's basic broadcast network and its national sports channels will be spun off into a new company.
Walt Disney Co's (DIS.N) deal to buy a number of Twenty-First Century Fox's businesses includes a plan to add Fox's 22 regional sports networks to Disney's No. 1 sports network ESPN, which could attract the attention of U.S. antitrust regulators, competition experts said on Thursday. "Any combination of sports programming is going to trigger significant scrutiny. They'll look at the competition between ESPN and the regional sports networks," said Caroline Holland, a veteran of the U.S. Justice Department's Antitrust Division.
President Donald Trump supports the deal that Walt Disney Co (DIS.N) has struck to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc (FOXA.O), the White House said on Thursday. "I know that the president spoke with Rupert Murdoch earlier today, congratulated him on the deal and thinks that, to use one of the president's favorite words, that this could be a great thing for jobs and certainly looks forward to and hoping to see a lot more of those," White House spokeswoman Sarah Sanders told reporters. Trump often praises Fox News, the conservative cable news channel that has given him favorable coverage and is also owned by Murdoch but not included in the sale.
The deal brings to a close more than half a century of expansion by Murdoch, 86, who turned a single Australian newspaper he inherited from his father at the age of 21 into one of the world's most important global news and film conglomerates. The new, slimmed down Fox will focus on TV news and sport. Early indications are that the deal will not face strong resistance from antitrust regulators as AT&T Corp's (T.N) bid to acquire Time Warner Inc (TWX.N) has done.
Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc , seeking even greater scale as it battles digital rivals Netflix ...
Walt Disney Co (DIS.N) is poised to add foul-mouthed superhero Deadpool and gory TV series "American Horror Story" to its portfolio, a novel move for the king of family-friendly entertainment into the adult-oriented programming consumers are devouring on streaming video. Disney's deal to buy most of the film and TV businesses of Twenty-First Century Fox Inc (FOXA.O) will aid the efforts of Disney Chief Executive Bob Iger to transform the company from a traditional media operation dependent on pay TV distributors to one that streams shows and movies directly to consumers online. With the Fox deal, "they have content for everyone," Tigress Financial Partners analyst Ivan Feinseth said.
By selling the bulk of his entertainment assets to Walt Disney Co., media titan Rupert Murdoch is making a calculation about changing winds in the media industry, while doubling down on news and sports....
Walt Disney’s proposed $52.4 billion acquisition of the bulk of 21st Century Fox will test whether the emergence of Silicon Valley rivals in media has made regulators more open to approving a deal that ...
Despite a global brand and some glitzy theme parks in Europe and Asia, Disney remains a quintessentially American company. After its deal with 21st Century Fox, Disney will be much more a citizen of the ...
Walt Disney agreed to buy select assets of 21st Century Fox for $52.4 billion in stock as it moves to bolster its streaming and television businesses in a changing media landscape.
Getting bigger as Disney is doing gives it improved leverage to negotiate favorable distribution terms with cable and wireless companies, which stand to gain by the rollback of net neutrality.
Is a wave of “diverse” superheroes hurting comic-book sales? The answer matters for Time Warner, Disney, Netflix, Mattel, Hasbro and other companies.