Comcast to end Sky share purchases in the market after taking controlling stake
Comcast outbid Fox in a £27.9bn auction of Sky at the weekend
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Comcast outbid Fox in a £27.9bn auction of Sky at the weekend
Fox was outbid by Comcast in an auction of Sky on Saturday
Investments and investor services
Disney is to buy Fox's entertainment assets, including its stake in Sky, but has opted to sell this holding rather than remain a minority stakeholder
The crossing of the 30% threshold means that the US cable giant must now offer to buy out other Sky investors at its offer price of 1,728p per share
Analyst Michael Pachter predicted the soon-to-be demise of MoviePass’ subscription service
Barclays maintained an ‘equal weight’ rating on ITV but cut its target price to 180p from 185p
The accessory company inked a deal to create a limited edition pattern called Mickey’s Paisley Celebration
The offer period for Comcast's bid to buy Sky will now remain open for acceptances until September 12
Disney will only need to make the offer if it completes its purchase of assets owned by 21st Century Fox before Fox or Comcast succeed in taking control of the FTSE 100 broadcaster
ITV joins Hollywood giants including Disney and 21st Century Fox, in backing the venture
The deadline, enforced by takeover rules, means the media giant will have just days to trump Comcast’s £25.9bn bid for the FTSE 100 pay-TV broadcaster
The Takeover Panel’s hearings committee subsequently examined that decision on July 27 after the regulator said that "various interested parties affected by the ruling" had asked for a review
The entertainment titan put in a US$71.3bn bid, beating out rival Comcast
Comcast's move leaves the field clear for the Walt Disney Company’s £71.3bn bid to win control of a swath of Rupert Murdoch’s Fox media assets
The UK Takeover Panel ruled Walt Disney would need to make a minimum bid of 1,400p per share for Sky if it succeeds in its bid to buy Twenty-First Century Fox
Investments and investor services
In the currency markets, the pound gained 0.07% against the Euro and was up 0.11% against the US dollar
In early morning trading on Thursday, Sky shares were 2% higher at 1,524p, comfortably above the agreed Comcast cash offer pitched at 1,475p per share, and Sky’s previously agreed bid of 1,400p a share
Fox’s new cash bid of 1,400p a share is an increase on its 1,075p per share agreed bid made in December 2016 and tops a rival 1,250p per share offer from Comcast Corp
The Financial Times said Fox’s new offer is expected to be at a premium to Comcast’s most recent bid of 1,250p a share, well above its 1,075p a share initial bid made in December 2016
In an SEC filing on Tuesday, Disney said it expected Sky to make underlying earnings of £3.06bn in the year ending June 30 2020, up from its original forecast of £2.41bn
The House of Mouse looks to be the most likely new home for the maker of Family Guy
The bidding war appears to have moved into its end-game
What started out as a seemingly mundane takeover of the British broadcaster escalated into a massive bidding war between three media giants, but how did it get to that point?
The new offer eclipses Disney's US$52.4bln all-stock deal
On Tuesday, a US Federal judge ruled that telecoms giant AT&T Inc. can proceed with its near US$85bn acquisition of Time Warner Inc, which traders believe will give a greenlight to other big deals
The cable giant is reportedly offering US$31bn to buy the pay-TV channel while competing with Rupert Murdoch’s 21st Century Fox Inc
In a statement following media reports, Comcast said: "Any offer for Fox would be all-cash and at a premium to the value of the current all-share offer from Disney"
Britain’s culture secretary Matt Hancock said the proposed merger between Sky and Comcast "does not raise concerns in relation to public interest considerations"
Sky is in the middle of a complex takeover battle, with 21st Century Fox, Disney and Comcast all looking to acquire the broadcaster
The company is in the process of selling off many of its assets in a deal with The Walt Disney Co
Revenue from Disney’s studio entertainment group soared 21% to US$2.5bln
Rupert Murdoch may well like the idea of a bidding war for the assets he has agreed to sell to Walt Disney but as the Scots might say, Walt disnae ...
The House of Mouse to launch its own streaming service by 2019
Comcast said its offer of £12.50 per share for Sky represents a 16% premium to Fox’s £10.75 per share proposal
Sky said it remains on track for the full year but expects the consumer environment to "remain challenging"
The sports video streaming service offers access to live and past sporting events
New service will offer such as live sporting events, films
The Takeover Panel also said Disney must match Fox's 1,075p a share takeover offer for the shares in Sky it does not already own
Black Panther, the Disney superhero movie, has earned US$1.3bln at the box office thus far
Disney would buy Sky News regardless of whether its proposed acquisition of Fox’s assets proceeds
Bank of America had been among the original group of banks lined up to finance the US$15.5bn takeover, but its Merrill Lynch division is acting an advisor to Comcast, which recently unveiled a rival bid for Sky
Investments and investor services
Britain's blue chip index closed up around seven points, or 0.10%, at 7,139..
About 52% of votes cast at the company's annual meeting were against Iger's new pay deal
Macy's is expected to report quarterly earnings before the bell
Investments and investor services
Andrea Williams, the new chief executive officer, is conducting a strategic review of the operating businesses and putting in place measures to stabilise the business, reduce operating costs and grow net fee income.
Comcast, which owns NBC and Universal Pictures, said in a statement that it is offering 1,250p per share to Sky investors, significantly higher than the 1,075p a share Fox bid
Investments and investor services
CSRA shares surge more than 30% after a bid by General Dynamics
Fox boss James said his firm was still working with regulators to resolve their concerns and that the company still expects the takeover to be approved by the end of June
Proactive takes a look t what happened after the bell in New York
Disney reported quarterly profit that beat expectations, supported by US tax cuts and growth at its theme parks
General Motors shares added 1.16% to US$40 as its quarterly numbers beat expectations.
The proposed £11.7bn takeover of Sky from Fox is all becoming a bit messy, so investors will be hoping the UK broadcaster can shed some light on whether a takeover from anyone is likely
The bonus will benefit a total of 125,000 employees who have been with the company before January 1
A look at the New York trade ahead of the opening bell on Tuesday
A look at some of Friday's movers and what stocks are moving in pre-market deals
The deal includes Fox’s stakes in British broadcaster Sky and its film studio
A look at pre-market trade before the bell in New York on Thursday
Disney’s ‘Star Wars: The Last Jedi’ is set to be one of the biggest opening weekends of the year
A look at some highlight stocks after hours in New York on Tuesday
Disney is expected to announce it will acquire Fox’s assets as soon as this week
Proactive stayed up and monitored trade in extended hours in New York. Here are some highlights.
A look at the pre-market trade in New York , where the Davita Inc, UnitedHealth Group In c is gaining attention
Comcast is also believed to be in negotiations with Fox
A potential deal would end Fox’s pursuit to buy the rest of the stake in Sky that it does not already own.
Former national security adviser Michael Flynn promised to cooperate fully with the special counsel's investigation into Russia's alleged involvement in last year's presidential election.
Most of the big names that reported after the bell on Thursday received favorable receptions, but not Nordstrom
The group reported net income of US$1.75bn, down 1% from a year earlier
Sky said it “would likely be prompted to review" its position in the event that Sky News impedes on the planned merger with Fox
Rupert Murdoch has held discussions with Disney about selling Fox’s movie and TV production assets over the last few weeks, CNBC reported
A look at the stocks moving the needle in pre-market deals before the New York bell
We look at what was piquing interest in extended trading in New York
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Non-farm payrolls fell 33,000 in September, ending a string of 83 consecutive monthly increases.
The contract between Disney and Altice, the fourth-largest cable operator in the U.S., expired Saturday
With Colin Trevorrow dumped by Lucasfilms last week and replaced yesterday by new man JJ Abrams, who wrote and directed "The Force Awakens", the film's release date has been changed from May 2019 to December 2019
We take a look at what's moving the dial in pre-market deals in New York
The Wall Street Journal said the bulk of the cuts are expected to take place at the ABC broadcast network, its television production studio, ABC News and local television stations
“The future of Shondaland at Netflix has limitless possibilities,” Rhimes gushed, as she tried to out-hype Netflix's chief content officer, Ted Sarandos
Reuters quoted Netflix Chief Content Officer Ted Sarandos as saying that the firm is in "active discussions" with Disney on the issue
We take a look at the movers and shakers after hours in New York
The government has asked Ofcom to take another look at whether Murdoch and Fox would adhere to UK broadcasting standards
The sport-based subscription service would go live next year, while the film and TV content offering would launch in 2019, when the current distribution agreement with Netflix will end
Hackers have threatened to release an upcoming movie unless Disney pays a ransom
Revenues from Disney theme parks and movies beat expectations, but concerns remain over ESPN and the media division
Walt Disney Co investors cheer as new film is a beauty..
The takings were the second biggest-ever for a December opening weekend in both the US and Canada and the UK.
The iconic firm posted a 3% fall in revenue in the fourth quarter compared to the same time last year
US top stocks ended flat after their rout in a Trump-inspired stock rotation, but smaller stocks had a second successive session of large gains on Friday
US stocks closed lower on Wednesday as earnings weighed, with the losses more pronounced in the smaller cap sectors
If the deal is waved through, it would see AT&T catapult past Walt Disney and Comcast as the nation's biggest entertainment company
US stocks ended higher on Monday on merger season, but gains were clamped by a rising dollar, falling oil prices and some growing worries over a December rate hike
Charter Comms and Time Warner Cable; NBCUniversal and Dreamworks; and now AT&T and Time Warner. Who's next?
Google is apparently out of the running and Apple is unlikely to bid
The cartoon, movie and theme park group is said to be considering a bid for Twitter
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Pacira Pharmaceuticals and Idera Pharmaceuticals reiterated by Wedbush but stocks suffer
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The Missouri-based broker expects the US economy to fall into recession within the next year
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It all kicked off last night in Albuquerque at a Donald Trump rally. Trump said it was an "amazing crowd".
US stocks nearly wipe out initial losses into the Thursday close, after oil prices briefly overshoot $47 and amid speculation Japan could expand its monetary stimulus soon
US shares are lower at midsession as the retail sector continues to display disappointing trading updates and US jobs data unsettles pro-growth investors
US futures point to a higher open on Wall Street on Thursday...
US stocks close lower, with the retail sector pulling shutters down on poor trading updates and called-off mergers, overwhelming the spoils of oil price gains