Tag Archives: The Walt Disney Company

Key leadership appointments have been made for the new “Fox,” the company to be spun off from 21st Century Fox in connection with the merger with The Walt Disney Company.

The Walt Disney Company's third-quarter results, falling short of analyst expectations, showed revenues up 7 percent to $15.2 billion, delivering a net profit of $2.9 billion, a 23-percent increase.

At separate meetings today, stockholders of 21st Century Fox and The Walt Disney Company approved all proposals related to Disney's $71.3 billion purchase of the Fox assets.

The Walt Disney Company and 21st Century Fox have announced an updated merger agreement at the higher price of $38 per share, up from the previously announced $28 per share.

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.

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.

The Walt Disney Company's revenues for the second quarter grew by 9 percent to $14.5 billion, delivering a net income of $2.9 billion, 23-percent higher than the year-ago period.

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.

The Walt Disney Company has reorganized its business segments into the newly formed Direct-to-Consumer and International; the combined Parks, Experiences and Consumer Products; Media Networks; and Studio Entertainment.

The Walt Disney Company has posted a 78 percent increase in profit for the first quarter, thanks in part to a federal tax cut.