Tag: 21st Century Fox

Comcast has offered to buy the assets that 21st Century Fox agreed to sell to The Walt Disney Company for $35 per share in cash, a 19-percent premium on the Disney all-stock offer.

Comcast Corporation has confirmed that it is "considering, and is in advanced stages of preparing," a bid to acquire the assets that 21st Century Fox has agreed to sell to The Walt Disney Corporation.

21st Century Fox has announced that Lachlan Murdoch will serve as chairman and CEO of the proposed "new Fox" following the deal with The Walt Disney Company, while Rupert Murdoch will serve as co-chairman and John Nallen takes on a broader role as COO.

Third-quarter revenues at 21st Century Fox were down by 2 percent to $7.42 billion from the same period last year, delivering a net profit of $858 million.

21st Century Fox has given the U.K. Competition and Markets Authority (CMA) two new proposals designed to address the regulator's concerns regarding the planned takeover of British broadcaster Sky.

Quarterly profit at 21st Century Fox came in at $1.84 billion, a 114 percent gain on the prior-year quarter.

The Competition and Markets Authority (CMA) has provisionally found that Fox taking full control of Sky is "not in the public interest," mainly because it would give the Murdoch family "too much control" over news providers in the U.K.

The Walt Disney Company has agreed to acquire 21st Century Fox, including the 20th Century Fox film and television studios, along with cable and international TV businesses, for around $52.4 billion in stock.

Strong gains at its cable networks business helped drive 21st Century Fox's revenues to $7 billion for Q1, an increase of 8 percent from the same period last year.

Peter Rice, the president of 21st Century Fox, tells World Screen that he believes quality programming is the fuel that will drive any platform, whether it’s a linear channel, a streaming service or a mobile app.