|Bid||31.02 x 900|
|Ask||33.55 x 1400|
|Day's Range||32.47 - 32.58|
|52 Week Range||26.87 - 34.07|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.63%|
The auction for 21st Century Fox assets took an interesting turn on Thursday as Comcast announced a $65 billion bid, trumping Disney’s original offer of $52.4 million back in December. Comcast’s juicier ...
The landmark decision on Tuesday to greenlight the $85 billion AT&T-Time Warner deal by U.S. District Court Judge Richard Leon lifted media ETFs in early Wednesday trading. The decision by Judge Leon will essentially open the floodgates for other mergers to commence. “This decision could serve as a ‘green light’ for other potential M&A, including Comcast’s ongoing pursuit of FOX,” said John Hodulik, an analyst at UBS.
In a landmark decision, U.S. District Court Judge Richard Leon approved an $85.4 billion merger of AT&T and Time Warner on Tuesday without any attached conditions. The decision could pave the way for other vertical mergers to continue from companies, such as CBS, Viacom, Verizon, Charter, and Discovery. Now that the merger is approved, Sprint and T-Mobile may move forward with negotiating a merger since AT&T is one of its main market competitors.
Whether or not AT&T and Time Warner can merge rests in the hands of U.S. District Court Judge Richard Leon on Tuesday, which could send waves across the markets, particularly in the media and telecommunications sector. “If the deal goes through, it’s going to be a real green light for a lot of vertical mergers in a lot of different sectors,” Emilie Feldman, an associate professor of management at Wharton of the University of Pennsylvania, told Yahoo Finance. Judge Leon’s decision to approve the merger could pave the way for other companies to perform similar acquisitions.
People either love the media or hate the media these days. Whatever your politics, investors can express their preferences for the industry through an ETF: the PowerShares Dynamic Media Portfolio (ticker: ...