|Bid||44.98 x 100|
|Ask||46.50 x 10300|
|Day's Range||45.46 - 46.03|
|52 Week Range||24.30 - 49.65|
|PE Ratio (TTM)||21.12|
|Forward Dividend & Yield||0.36 (0.73%)|
|1y Target Est||45.00|
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."
CNBC's Julia Boorstin reports on Disney CEO Bob Iger's statement on Comcast dropping its rival bit for Twenty-First Century Fox assets.
Michael Nathanson, MoffettNathanson senior research analyst, discusses Comcast abandoning its bid for Twenty-First Century Fox assets while focusing on the acquisition of British broadcaster Sky.
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.
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.
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.
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.
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 ...
Jim Cramer anticipates more gains for shares of Disney and Comcast as the companies' battle over Twenty-First Century Fox's assets comes to a close.
NEW YORK (AP) — Comcast is dropping its bid for Fox's entertainment businesses, paving the way for Disney to boost its upcoming streaming service by buying the studios behind "The Simpsons" and X-Men.
Comcast's withdrawal is a concession to Walt Disney Co (DIS.N), which last month sweetened its offer for the Fox assets to $71.3 billion(54.75 billion pounds), in a bid to unite two storied Hollywood studios and several television networks under one corporate umbrella. Comcast's move de-escalates one of the media industry's most high-profile confrontations, which pitted Comcast Chief Executive Brian Roberts against Fox Executive Chairman Rupert Murdoch and Disney CEO Bob Iger.
gains a controlling interest in Hulu this quickly, it will represent the biggest threat that Netflix has faced to this point. When it comes to Disney, we're talking about a company that turns everything into gold. Disney has a long history of successfully creating quality entertainment that turns profits.
The Walt Disney Co. ( DIS) stock is breaking out of a three-year period of consolidation. Shares are breaking out on news that rival Comcast Corp. ( CMCSA) would no longer be pursuing the hotly contested assets that Twenty-First Century Fox Inc. ( FOX) had put up for sale. It leaves Disney the winner and investors dreaming about the big opportunities that lie ahead for Disney's streaming media service, which is set to launch in 2019. Shares of Disney have increased by more than 15% since the beginning of May when they were trading around $98.
Shares of Disney (DIS) surged over 3% in morning trading Thursday after Comcast (CMCSA) announced that it will no longer pursue key 21st Century Fox (FOXA) entertainment assets. Disney now looks poised to secure Fox's film and TV studio, as well as other properties, in a move that could propel the conglomerate in the age of Netflix (NFLX).
Comcast's withdrawal is a concession to Walt Disney Co (DIS.N), which last month sweetened its offer for the Fox assets to $71.3 billion. It de-escalates one of the media industry's most high-profile confrontations, which pitted Comcast Chief Executive Brian Roberts against Fox Executive Chairman Rupert Murdoch and Disney CEO Bob Iger.
Raymond James raises its rating on Comcast shares to outperform from market perform, predicting investor sentiment for the company will improve over the next year. The firm's analyst cites Comcast's growth, shareholder returns and strong competitive position in the cable industry. On Thursday Comcast said it would not pursue its bid to buy assets of Twenty-First Century Fox, choosing to focus on its offer for Britain's Sky.
NBCUniversal Inc.’s owner, Comcast Corp., raised its offer to buy all of Sky to £25.9 billion on July 11. Co. to acquire most of Fox’s entertainment assets, until Comcast dropped its pursuit of Fox. In the fiscal year ended June 30 of last year, Sky had revenue of £12.92 billion and a pretax profit of £803 million.
Comcast Corp. ( CMCSA) has dropped its bid for Twenty-First Century Fox Inc. ( FOX), effectively ending a bidding war with Walt Disney Co. ( DIS). In an increasingly competitive media landscape, Comcast was vying for Fox’s movie studio and television assets with franchises like Avatar and X-Men, having most recently bid $65 billion in an all-cash offer. “Comcast does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and, instead, will focus on our recommended offer for Sky,” Comcast said in a statement.
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