|Bid||90.02 x 200|
|Ask||90.03 x 300|
|Day's Range||89.92 - 90.36|
|52 Week Range||85.88 - 103.90|
|PE Ratio (TTM)||17.12|
|Forward Dividend & Yield||1.61 (1.78%)|
|1y Target Est||N/A|
The house of Mouse is expanding. Disney is buying a huge chunk of 21st Century Fox in a $52.4B deal. Yahoo Finance’s Alexis Christoforous and Editor-in-Chief Andy Serwer breakdown the mega-merger.
The Trump administration may be more open to the Disney-21st Century Fox deal than other proposed media mergers, Gabelli says.
Disney is Fox's preferred buyer, and it explains where the Murdoch family's priorities and view of the current media business.
The combined domestic grosses of DC Films' two 2017 releases will be almost identical to the combined domestic grosses of their 2016 movies.
U.S. stock futures are trending higher this morning, as Wall Street continues to digest the Federal Reserve’s interest rate hike and accompanying policy statement. Diving right into Wednesday’s options activity, JD.com Inc(ADR) (NASDAQ:JD) attracted a spike in call volume after Stifel resumed coverage on the Chinese e-retailer. Meanwhile, Time Warner Inc. (NYSE:TWX) was also call heavy despite an ongoing lawsuit with the government over AT&T Inc.’s (NYSE:T) acquisition.
Disney made it official today: the House of Mouse is buying major portions of 21st Century Fox in an all-stock deal valued at around $66 billion.
Disney is reportedly ready to pay $29 a share for a collection of Fox assets, leaving Rupert Murdoch's shareholders with a news and sports focused company valued at $11 a share.
For the third time this year, a Hollywood movie studio has grossed more than $5 billion at the worldwide box office. Warner Bros. (TWX) followed suit a few days later. Now, Universal Pictures has joined the $5 billion club with $1.605 billion in domestic ticket sales and $3.398 overseas.
Shares of 21st Century Fox (FOXA) are down 4.6% Wednesday, to $32.52. The move comes as CNBC’s David Faber is reporting that a deal could be finalized by Thursday, with Disney valuing Fox’s movie studio and certain TV assets at an enterprise value of $60 billion. At its current price, Fox has a total enterprise value of $75.1 billion.
If Disney really does buy 20th Century Fox, then Hollywood will become a three-way battle between the three dominating studios.
Instead, SAG members recognized performers in independent films that focused on women and people of color, throwing open the race for the Oscars in March. "There's not enough stories told by people of color and with people of color in the cast," Kumail Nanjiani, co-writer and star of interracial romance nominee "The Big Sick," told Reuters.