|Bid||34.56 x 3200|
|Ask||34.92 x 45100|
|Day's Range||34.40 - 35.15|
|52 Week Range||30.43 - 44.00|
|PE Ratio (TTM)||7.09|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||0.76 (2.26%)|
|1y Target Est||43.24|
Netflix Inc. has broken HBO’s 17-year streak of leading TV networks in Emmy nominations. For the first time in Emmy history, Netflix (NFLX) led all other networks and platforms in award nominations. The streaming giant nabbed 112, compared to HBO’s 108.
The DOJ has a chance to win its appeal if it can convince the D.C. Circuit Court of Appeals that U.S. District Court Judge Richard Leon was wrong in his application of the law to AT&T's acquisition of Time Warner. Comcast's pursuit of Fox and other future vertical integration deals would be affected if the DOJ wins its appeal. The Department of Justice has not given up : It's still trying to block AT&T T 's acquisition of Time Warner (now named Warner Media).
For a moment, it was the biggest antitrust suit in 20 years, a high-stakes attempt to block an $85 billion mega-deal that would create a media and telecommunications giant. Now the merger that President Donald Trump has so publicly opposed -- the marriage of AT&T Inc. and Time Warner Inc., the home of CNN -- is once again in the sights of Trump’s Justice Department. The turnabout underscores fundamental questions about antitrust enforcement in the Trump era that have lingered ever since the AT&T case last year, including the big one: Could this pro-business administration, which has given corporate America lower taxes and looser regulation, tighten the screws on certain mergers?
Shares of WWE stock continued its historic run on Friday, trading as much as 6% higher after Morgan Stanley (MS) raised its price target for the firm to $100 from $58.
** French oil and gas major Total said that it has completed a $1.5 billion deal to acquire Engie's ENGIE upstream Liquefied Natural Gas (LNG) business to become the second-largest player in the global LNG market. ** Xerox Corp is considering the sale of a leasing unit that lends money to customers to rent printers and equipment, to make itself more attractive to potential acquirers following the termination of its $6.1 billion sale to Fujifilm Holdings Corp, people familiar with the matter said.
Comcast had used the earlier ruling to rebut concerns from Fox that its bid would face regulatory risk. AT&T’s deal for Time Warner married a company primarily focused on distributing content with one that produced it, just like Comcast’s bid for Fox. Comcast made its $65 billion offer for Fox a day after the ruling last month.
Comcast (CMCSA.O) expects to pay the banks, law firms and other advisers on its 25.9 billion pound bid for Sky (SKYB.L) as much as 243 million pounds if it wins the battle for the British broadcaster, the U.S. cable giant said on Friday. Sky is at the centre of a complex trans-Atlantic bidding war between Twenty-First Century Fox (FOXA.O), Comcast and Walt Disney (DIS.N) that will generate large fees for advisory firms working on all sides. Fox, which already owns 39 percent of Sky, and Comcast are fighting for control of the British pay-television group.
Comcast (CMCSA.O) expects to pay the banks, law firms and other advisers on its 25.9 billion pound ($34.23 billion) bid for Sky (SKYB.L) as much as 243 million pounds if it wins the battle for the British broadcaster, the U.S. cable giant said on Friday. Sky is at the center of a complex trans-Atlantic bidding war between Twenty-First Century Fox (FOXA.O), Comcast and Walt Disney (DIS.N) that will generate large fees for advisory firms working on all sides. Fox, which already owns 39 percent of Sky, and Comcast are fighting for control of the British pay-television group.
Rupert Murdoch–owned Twenty-First Century Fox (FOXA), which owns a 39% stake in Sky, finally gotten a green light from the UK (EWU) government on July 12 to buy the remaining 61% stake in the London-based pay-TV company. The Fox deal has been held up for quite some time over regulatory concerns that the tie-up would give Fox too much control over Britain’s media. The UK government thus asked Fox to sell Sky’s 24-hour news channel Sky News to a third party such as the Walt Disney Company (DIS) if it wants to buy 61% of Sky.
Twenty-first Century Fox Inc (NASDAQ: FOXA) and Comcast Corporation (NASDAQ: CMCSA) are competing for British broadcaster Sky, and as recently as this week, Walt Disney Co (NYSE: DIS) and Comcast have been vying for Twenty-First Century Fox. Since November, Comcast and Disney have been in a bidding battle for Fox’s entertainment assets, which include a 39-percent stake in Europe's Sky and other global holdings. The latest round saw Disney edge out Comcast’s $65-billion all-cash offer with a $71.3-billion cash-and-stock agreement.
Netflix NFLX may have surged 110 percent so far this year, but World Wrestling Entertainment (WWE WWE ) has been giving the streaming giant a run for its money and market watchers believe the stock will continue to clean house. Oppenheimer technician Ari Wald is also bullish on WWE and believes the stock is about to soar even higher than the 152 percent it has already surged this year. “This is a great example of momentum in markets,” he said Thursday on CNBC’s “Trading Nation.
Comcast’s (CMCSA) offer of 26 billion pounds (or $34 billion) for a 61% stake in Sky, a London-based pay TV company, has topped Twenty-First Century Fox’s (FOXA) bid of 25 billion pounds (or $33 billion). Comcast’s new offer was ~10% higher than its previous offer of $31 billion and ~3% higher than Fox’s latest bid of $33 billion. Fox initially offered $15.5 billion in December 2016.
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. In the fiscal year ended June 30 of last year, Sky had revenue of £12.92 billion and a pretax profit of £803 million.
Let's recap: Comcast launched a bidding war for Fox, emboldened to counter Disney's offer by a court ruling, to which Disney has responded, while both Fox and Comcast are also trying to outbid each other for Sky (SKYAY), as the former already owns 39% of the British satellite TV company. Juenger writes that many believe Comcast will give up on Fox and focus on Sky, but he warns that may not be the case: After all, why would Comcast launch a hostile bid for Fox and walk away after a single counteroffer from Disney?
In the most recent events regarding the AT&T ( T)and Time Warner ( TWX) merger case, the U.S. Justice Department has decided to appeal the merger approval on July 12. Now the case will go before the Washington D.C. Circuit Court of Appeals, where a three-judge panel will hear the appeal. Theoretically, the case could end up at the Supreme Court, which could be interesting as the Supreme Court has not taken a merger case in nearly five decades.
On July 11, media and cable giant Comcast (CMCSA) submitted a proposal of $34 billion (25.74 billion pounds) for London-based Sky. The offer came just 16 hours after rival bidder Twenty-First Century Fox (FOXA) rolled out its bid of $32.5 billion (24.5 billion pounds) for Sky, the European broadcaster and Internet service provider in which it already has a 39% stake.
An action like the DOJ's "can obviously influence" the outcome of the bidding war between Comcast and Disney for Twenty-First Century Fox, AT&T CEO Randall Stephenson said. Stephenson would not say whether he thought the move by the DOJ was politically motivated. The Department of Justice's challenge to AT&T T and Time Warner's merger could affect the bidding war between Disney DIS and Comcast CMCSA for Twenty-First Century Fox, AT&T CEO Randall Stephenson told CNBC.
Theme park business goals generally include moving people and ride lines efficiently, while also making riders feel like they're part of the story — something Universal Parks & Resorts wants to improve.
Britain's takeover regulator has decided that Disney (DIS.N) must offer 14 pounds a share for Sky (SKYB.L) if it succeeds in buying Rupert Murdoch's Twenty-First Century Fox (FOXA.O), in a key ruling in the takeover battle for the broadcaster. The price set by the Takeover Panel on Friday is the same as Fox's current offer for the 61 percent of Sky that it does not already own, which values the London-listed pay television business as a whole at 24.5 billion pounds ($32.2 billion). Sky, Fox, Disney and Comcast are locked in a series of interlinked takeover battles, with Fox and Comcast vying for control of Sky and Comcast and Disney battling to buy the bulk of Fox's TV and film assets, including its 39 percent Sky stake.
Britain's takeover regulator has decided that Disney must offer 14 pounds a share for Sky if it succeeds in buying Rupert Murdoch's Twenty-First Century Fox, in a key ruling in the takeover battle for the broadcaster. The price set by the Takeover Panel on Friday is the same as Fox's current offer for the 61 percent of Sky that it does not already own, which values the London-listed pay television business as a whole at 24.5 billion pounds ($32.2 billion). Sky, Fox, Disney and Comcast are locked in a series of interlinked takeover battles, with Fox and Comcast vying for control of Sky and Comcast and Disney battling to buy the bulk of Fox's TV and film assets, including its 39 percent Sky stake.
and its possible future owner Disney, setting the price the US media group will have to offer investors if rival bids for the pay-TV network collapse. must offer Sky shareholders at least £14 a share to buy the business if its wider deal to acquire the bulk of 21st Century Fox completes before competing takeover bids for Sky, the UK Takeover Panel has ruled.
Trump confronts Germany about Russian pipeline, 12 boys rescued from Thailand cave and President Trump greeted with with thousands of protests on his trip to the United Kingdom.
Frank Louthan, Raymond James managing director of equity research weighs in on his downgrade of AT&T as the Justice Department targets the AT&T-Time Warner deal.