Fox And Disney Stocks Gain After Chinese Regulators Approve Merger

On an otherwise down day for stocks, 21st Century Fox and Disney shares are both gaining today after Chinese regulators approved the companies’ landmark merger without conditions. Fox shares are up more than 3% to $49.66, while Disney’s have risen a fraction to $117. Broader indices including the Dow, Nasdaq and S&P are all slumping, putting the two media companies […]

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Disney Offers Compromise To European Regulators In Bid For Fox Deal OK

Disney has offered concessions to European regulators in order to gain approval of its acquisition of most of 21st Century Fox. The European Commission confirmed the move today and said it was extending its deadline for reviewing the deal to November 11 from October 19. It did not provide details about what Disney has offered. The agency will be speaking […]

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New Fox Promotes Five Top Executives Ahead Of Disney Deal Close

New Fox — or, as it now calls itself, just “Fox” — has unveiled promotions for five top executives along with other organizational moves before the Disney-21st Century Fox deal closes in the coming months. The main promotions are: Eric Shanks, to CEO of Fox Sports from his current role of President, Chief Operating Officer & Executive Producer, Fox Sports; […]

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Murdoch Family’s Compensation Doubled In Fiscal 2018, New Filing Shows

Rupert Murdoch and sons Lachlan and James saw their total compensation double in fiscal 2018 from 2017 due to restricted stock options related to Disney’s takeover of most of 21st Century Fox. According to a proxy statement filed with the SEC, Rupert Murdoch’s total compensation reached $49.2 million, up from $29.3 million in 2017. Lachlan Murdoch was at $50.7 million, up […]

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Fox & Comcast’s $30B Takeover Of Sky To Be Settled This Weekend By Blind Auction If No Further Bids

21st Century Fox and Comcast have until the end of the week to duke it out for a $30B+ takeover of European pay-TV giant Sky otherwise the matter will be settled by a blind auction. Both companies have until September 22 to make a “best-and-final” offer for the pay-TV broadcaster before Britain’s Takeover Panel will step in and run a […]

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Disney's $71 billion acquisition of 21st Century Fox assets gets the greenlight from shareholders

Rupert Murdoch, executive chairman of Disney. Jonathan Erns/Reuters Shareholders gave the go-ahead for a $71 billion deal between 21st Century Fox and Disney on Friday. After prevailing in a bidding war with Comcast, Disney is purchasing the assets, which exclude the Fox News and Fox Business networks. Shareholders have approved a $71 billion deal that merges some of 21st Century […]

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