Monday, 25 March, 2019


S&P downgrades Disney by one notch to A ahead of Fox deal

DISNEY Sets Closing Date for 21st Century Fox Acquisition Disney's Acquisition of 21st Century Fox Set to Close on March 20
Conrad Doyle | 15 March, 2019, 05:44

Disney's $71.3 billion acquisition of 21st Century Fox is set to close next week. The Comcast counter-offer of $65 billion prompted Disney to raise its bid to $71.3 billion.

Last week Disney Television Studios hired former Warner Bros. exec Craig Hunegs to lead the business in a companywide restructure which incorporates Fox execs.

The company announced the news after receiving the final sign-off from Mexican regulators on Tuesday (12 March). Its ownership of those channels and cable sports network ESPN would otherwise give the company undue influence in sports broadcasting, said the watchdog.

The Election Form necessary for 21CF stockholders to make an election as to the form of consideration they wish to receive was mailed on December 27, 2018 to holders of record of 21CF common stock as of December 19, 2018.

In a letter to investors Disney said that the acquisition "is expected to become effective at 12:02 a.m".

Adam Bankhurst is a news writer for IGN who offered $20 for 21st Century Fox but was turned down, sadly.

Under the acquisition agreement, 21st Century Fox stockholders may elect to receive US$38 per share in either cash or shares of "New Disney", the holding company that will own both Disney and 21st Century Fox following the acquisition.

The transaction includes 21st Century Fox's film and television studios, cable entertainment networks and worldwide TV businesses, which brought popular entertainment properties including X-Men, Avatar, The Simpsons, FX Networks and National Geographic to Disney's portfolio. And even after it is all said and done, it will still be a while before Fox's properties can fall under the Disney umbrella.

Recommended

loading...
...

Jung Joon-young: K-pop star quits over secret sex videos Jung Joon-young: K-pop star quits over secret sex videos According to The Guardian , Seungri of boyband BigBang, is being accused of supplying prostitutes to the investors he works with. Jung Joon Young announced that as a result of these shocking allegations, he would step down from the music industry for good.

New Zealand Police Investigating Possible Mass Shooting At Mosque New Zealand Police Investigating Possible Mass Shooting At Mosque The Department of Foreign Affairs and Trade is aware of reports of a shooting incident at a mosque in central Christchurch. The Bangladesh cricket team was in the vicinity of the shooting but all members were safe, a team coach told media.

Caribbean Airlines reassures public amid concerns over Boeing Max 8 planes Caribbean Airlines reassures public amid concerns over Boeing Max 8 planes He said the FAA has 'always been a very cooperative, data-driven group, and now that seems to have kind of gone to the wayside'. The BEA isn't saying how long it will take to analyse the recorders - which are actually orange, despite their nickname.

Google Lookout uses AI to describe surroundings for the visually impaired Google Lookout uses AI to describe surroundings for the visually impaired Share your thoughts in the comment box below and also stay tuned to PhoneRadar for more such interesting updates. From there, Lookout can tell you about people, read text , identify objects and more as you go about your day.

Slack's new mobile dark mode is available for beta users Slack's new mobile dark mode is available for beta users As you probably know, dark mode has become one of the most requested features for almost every app on both iOS and Android. Google is taking its sweet time giving Android a proper dark UI mode, leaving individual developers to pick up the slack.

Massive MLB Rule Changes for 2019 and 2020 Become Official Massive MLB Rule Changes for 2019 and 2020 Become Official Starting with games later this month, mound visits will be decreased from six to five and commercial breaks will be shortened. The league announced Thursday that several new changes have been implemented, which will start opening day this season.

Oil firms as Saudis trim exports, USA output forecast reduced Oil firms as Saudis trim exports, USA  output forecast reduced Oil prices edged higher on Wednesday, supported by planned cuts to Saudi exports and a reduced forecast for USA crude output. Petrol stocks fell by 5.8 million barrels, compared to analysts' forecasts in a 2.5 million barrel survey at Reuters .

Amid Crisis, Facebook's Top Executive Quits In Highest-Level Departure Amid Crisis, Facebook's Top Executive Quits In Highest-Level Departure Facebook's family of apps strategy has so far been led jointly by Cox and Javier Olivan, vice president of growth. Zuckerberg is also promising to make photos and posts automatically disappear from public view.

Livescore: Latest Europa League result for Rennes vs Arsenal Livescore: Latest Europa League result for Rennes vs Arsenal Arsenal's two goal Pierre-Emerick Aubameyang produced his spider mask during their Europa League triumph over Rennes . For his side, the focus must always be simple.

Sarri hails Loftus-Cheek after Chelsea rout: Could be best in Europe Sarri hails Loftus-Cheek after Chelsea rout: Could be best in Europe Giroud's ideal hat-trick means he is the Europa League's top scorer this season with nine goals and Sarri was delighted with his display.

Glen Johnson really, really loves Virgil van Dijk Glen Johnson really, really loves Virgil van Dijk Former Liverpool defender Steve Nicol claims he was not impressed by Liverpool's performance against Bayern Munich on Wednesday. But if they do go all the way in the Champions League, nobody will be more important to them than Van Dijk.

Telegram gains 3 million new users in 24 hours during Facebook outage Telegram gains 3 million new users in 24 hours during Facebook outage Facebook shares were trading down 1.7 percent early Thursday afternoon, at $170.50. Facebook suggested there was nothing new in the New York Times report .

Fox News' Tucker Carlson Torn Apart By Samantha Bee Fox News' Tucker Carlson Torn Apart By Samantha Bee Fox News representatives didn't immediately respond to a request for comment on the Miss Teen USA audio. After all, he's just giving the viewers what they want.

Lori Loughlin Arrested in California Lori Loughlin Arrested in California Prosecutors said those claims were false as neither of the Gianulli sisters is a member of the university's rowing team. Huffman appeared court Tuesday and was released on $250,000 bond after surrendering her passport.

Tillerson Blasted Kushner for 'Endangering' US in Middle East, New Book Claims Tillerson Blasted Kushner for 'Endangering' US in Middle East, New Book Claims The author, on her own website, listed this book in the category of "fiction" - until recently changing it. Correcting everything wrong would take too long and be pointless, ' Peter Mirijanian, the spokesman, said.