Disney Trying To Woo Fox - Technology Stocks

Disney is also looking to acquire entertainment assets from Twenty-First Century Fox Inc. The deal is not yet confirmed, but if it were to go through, the $52.4 billion purchase will add to Disney’s library the X-Menand Deadpool franchise. Additionally, it would get Fox’s 39% stake in the London-based pay TV group, Sky.

But the Fox and Sky deals are not easy ones. After Disney’s deal was approved by Fox, rival Comcast reportedly made a $60 billion all-cash offer to acquire Fox. While the Fox’s Board prefers the stock-based Disney deal for tax purposes, it still has to go through the proper due diligence of evaluation of the Comcast deal. Then, there is Fox itself trying to acquire the remaining 61% stake in Sky. And, to make matters even more interesting, Comcast also made an estimated $30 billion offer to acquire Sky’s 61% stake. If the Comcast and Fox deal were to happen, it would end up being a big road block for Disney. The acquisition is clearly turning out to be quite a blockbuster itself.

Meanwhile, Disney’s stock is trading at $104.07 with a market capitalization of $155.2 billion. It touched a high of $113.19 in January this year, and has recovered from the low of $96.20 that it had fallen to in September last year.

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Sramana Mitra is the founder of One Million by One Million (1M/1M), a global virtual incubator that aims to help one million entrepreneurs ...

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Ayelet Wolf 1 year ago Member's comment

Unless #Disney terminates it's agreements with other streaming providers like #Amazon and #Netflix, I don't see the value in having a standalone product featuring their films. Most are already available elsewhere, why would I sign up for yet another service $DIS