Twenty-First Century Fox Inc (FOXA.OQ)
22 Jun 2018
Walt Disney Co said on Thursday it was willing to divest Twenty-First Century Fox Inc assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization (EBITDA) to get a regulatory nod for the deal.
LONDON, June 21 Top-20 Sky investor Crispin Odey said he expects the bidding war for the media company to carry on over the summer and that the European broadcaster could be worth as much as 50 billion pounds ($65.5 billion).
June 21 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
LONDON, June 21 By some measures, the global merger and acquisition frenzy has never been greater, fueled by "TMT" mega deals that are drawing comparisons with the late 1990s boom and spectacular bust.
Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc's film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp's $65 billion offer. | Video
NEW YORK (LPC) - Banks arranging nearly $36 billion of loans to support Walt Disney Co’s sweetened $71.3 billion bid to buy Twenty-First Century Fox Inc’s media assets stand to pocket around $200 million in fees, boosting profits from an increasingly hot market for mergers and acquisitions (M&A).
* Disney CEO says been working with regulators for 6 months (Adds investor comment in paragraphs 6-7, 12, Bloomberg report and regulatory issues in paragraphs 15-16, updates shares)
NEW YORK, June 20 (LPC) - Banks arranging nearly US$36bn of loans to support Walt Disney Co’s sweetened US$71.3bn bid to buy Twenty-First Century Fox Inc’s media assets stand to pocket around US$200m in fees, boosting profits from an increasingly hot market for mergers and acquisitions (M&A).
Walt Disney Co is close to winning approval from U.S. antitrust regulators for its $71.3 billion bid for the bulk of Twenty-First Century Fox Inc's media assets, Bloomberg reported on Wednesday.
June 20Walt Disney Co is close to winning approval from U.S. antitrust regulators for its $71.3 billion bid for the bulk of Twenty-First Century Fox Inc's media assets, Bloomberg reported https://www.bloomberg.com/news/articles/2018-06-20/disney-is-said-to-near-u-s-approval-on-fox-in-blow-to-comcast on Wednesday.
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