Post by drwadadli on Dec 13, 2017 15:50:16 GMT
Back on November 6, 2017, it was rumored that The Walt Disney Company was showing interest in purchasing 21st Century Fox along with Comcast (the main owner of Universal Studios and Universal Studios Parks). Being it was kinda a rumor back in November, I didn't report on it because those kind of rumors come and go.
Well that being said, Variety announced on December 8, 2017 that the bankerss from both companies (JP Morgan and Guggenheim Partners for Disney and Goldman Sachs and Centerview for 21st Century Fox) were crunching numbers on making this deal happen. The articles also states that "Disney is negotiating a deal valued at $74 billion by Bernstein Research analyst Todd Juenger, which he calculated as a 30% premium on the $57.4 billion enterprise value of the assets in question."
Here is a list of how the assets from Fox would be divided:
Fox's assets leaving and joining The Walt Disney Company would be 20th Century Fox film and TV studio, all of the FX Networks, National Geographic Channels group, 22 regional sports networks, Fox’s collection of international channels, including Star India, and Fox’s 39% stake in Sky. Fox's assets that would stay with Fox are Fox Broadcasting Company, 28 Fox-owned-and-operated TV stations, the national Fox Sports network, and the Fox News operations.
Quoting the article which states, "There’s also speculation about division in the Murdoch clan about the best course going forward. 21st Century Fox CEO James Murdoch is said to be eyeing a move to Disney if a deal transpires, possibly in the role of managing Sky, Star India and other international assets. Fox executive chairman Lachlan Murdoch is expected to stay on to run the remaining TV assets, which might be recombined under the News Corp. banner with the newspaper and publishing assets that were split off from Fox in 2013. As for Disney, Juenger observed that the Fox deal is an enormous bet by Disney CEO Bob Iger that getting significantly bigger as a content producer will help it battle the larger issues facing traditional media."
Well that being said, Variety announced on December 8, 2017 that the bankerss from both companies (JP Morgan and Guggenheim Partners for Disney and Goldman Sachs and Centerview for 21st Century Fox) were crunching numbers on making this deal happen. The articles also states that "Disney is negotiating a deal valued at $74 billion by Bernstein Research analyst Todd Juenger, which he calculated as a 30% premium on the $57.4 billion enterprise value of the assets in question."
Here is a list of how the assets from Fox would be divided:
Fox's assets leaving and joining The Walt Disney Company would be 20th Century Fox film and TV studio, all of the FX Networks, National Geographic Channels group, 22 regional sports networks, Fox’s collection of international channels, including Star India, and Fox’s 39% stake in Sky. Fox's assets that would stay with Fox are Fox Broadcasting Company, 28 Fox-owned-and-operated TV stations, the national Fox Sports network, and the Fox News operations.
Quoting the article which states, "There’s also speculation about division in the Murdoch clan about the best course going forward. 21st Century Fox CEO James Murdoch is said to be eyeing a move to Disney if a deal transpires, possibly in the role of managing Sky, Star India and other international assets. Fox executive chairman Lachlan Murdoch is expected to stay on to run the remaining TV assets, which might be recombined under the News Corp. banner with the newspaper and publishing assets that were split off from Fox in 2013. As for Disney, Juenger observed that the Fox deal is an enormous bet by Disney CEO Bob Iger that getting significantly bigger as a content producer will help it battle the larger issues facing traditional media."
