48.99 +0.91 (1.89%)
After hours: 5:30PM EDT
|Bid||48.20 x 1000|
|Ask||49.00 x 4000|
|Day's Range||47.26 - 48.51|
|52 Week Range||24.81 - 48.51|
|PE Ratio (TTM)||22.23|
|Earnings Date||Aug 7, 2018 - Aug 13, 2018|
|Forward Dividend & Yield||0.36 (0.96%)|
|1y Target Est||40.40|
On a day the major benchmarks were mixed, Disney and Twenty-First Century Fox reached a new agreement and Starbucks forecast disappointing sales.
Disney’s new offer is far higher than its original deal, $52.4 billion in stock, and surpasses Comcast’s all-cash offer of roughly $65 billion. In addition to having the higher offer, Disney said it also has the regulatory advantage over Comcast in winning a company to help it fight back against new-media competitors like Netflix Inc. Fox, in a news release, said the new Disney deal “is superior to the proposal” made by Comcast earlier this month.
NEW YORK (AP) — U.S. stocks rose Wednesday as investors bet that technology companies and small, domestically-focused firms will continue to do well even if the trade dispute between the U.S. and China gets worse. Media companies jumped after Disney reached a new deal with Twenty-First Century Fox.
Stocks that moved substantially or traded heavily Wednesday: Twenty-First Century Fox Inc., up $3.37 to $48.08 The media company accepted a new offer from Disney to its entertainment divisions for more ...
The Dow declined again on Wednesday but the Nasdaq closed at a new record high. increased its bid for Twenty-First Century Fox Inc. Wall Street also was processing comments from Federal Reserve Chairman Jerome Powell, who said at a European Central Bank conference in Portugal that the central bank was likely to gradually increase interest rates.
Netflix, Inc. ( NFLX) shares rose more than 3% on Wednesday and hit new all-time highs above the $400 mark. Despite intensifying competition in the space, the bidding war for Twenty-First Century Fox, Inc. ( FOXA) assets by The Walt Disney Company ( DIS) and Comcast Corporation ( CMCSA) has underscored just how vital streaming content has become to the media industry. Several analysts have recently lifted their price targets on Netflix in response to its swift move higher and the evolving industry developments.
The Disney-Comcast media bidding war will go up to around $45 a share before Disney wins, says media expert Porter Bibb.
Media giant Walt Disney (DIS) is making a 15-year funding commitment to Sky News, a unit of London-based Sky, which is an acquisition target of both Comcast (CMCSA) and 21st Century Fox (FOXA). The current budget of Sky News is around 90 million pounds per year. Disney’s commitment includes funding Sky News with at least 100 million pounds (or $132 million) per year for the next 15 years, which is up from the ten-year funding guarantee it had offered previously.
Disney is out with a new offer for 21st Century Fox’s assets -- $71.3B. It’s all an effort to beat Comcast and win control of Fox’s movie and TV studios. Yahoo Finance’s Alexis Christoforous and Dion Rabouin have more.
Walt Disney raised its bid for Twenty-First Century Fox assets to $71.3 billion as it looks to scuttle Comcast's $65 billion offer last week. Fred Katayama reports.