Tag Archives: The Walt Disney Company

The Walt Disney Company's acquisition of 21st Century Fox became effective at 12:02 a.m. Eastern today, March 20.

The Walt Disney Company has appointed Ravi Ahuja as president of business operations and chief financial officer upon the close of the 21st Century Fox acquisition.

Speaking on an investor conference call for Q1 financials, Robert A. Iger, chairman and CEO at The Walt Disney Company, said that direct-to-consumer "remains our number one priority."

The Walt Disney Company has announced the new international leadership team that will be formed under Kevin Mayer following the closing of the Fox transaction, with Rebecca Campbell to oversee EMEA, Diego Lerner running Latin America and Uday Shankar tapped for the Asia operation, while global sales and distribution will fall under Janice Marinelli.

Fourth-quarter revenues at The Walt Disney Company were up 12 percent to $14.3 billion, with net income rising by 33 percent to $2.3 billion.

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.