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.
Twenty-First Century Fox Inc said on Wednesday that Walt Disney Co has raised its offer for Fox assets to $38 per share, topping Comcast Corp’s $35 a share offer last week.
Fox board is set to decide whether to entertain Comcast $65 bn cash bid for New York-based media company or stick with its roughly $52 bn all-stock offer from Disney.
Media company Comcast Corp’s record all-cash $65 billion (48.9 billion pounds) bid to buy Twenty-First Century Fox’s media assets.
Comcast offered $65 billion to lure Fox away from a merger with Disney, setting up a bidding war between two of the largest US media companies with its 20% higher offer.
At 9:55 am ET, the Dow Jones Industrial Average .DJI was up 3.68 points, or 0.01%, at 25,324.41, the S&P 500 .SPX was up 0.75 points, or 0.03%, at 2,787.60.
A court approval for AT&T’s $85 billion takeover of Time Warner lifted media and telecom shares on Wednesday, helping U.S. stock futures ahead of US Fed announcement.
Walt Disney Co animation head and co-founder of Pixar John Lasseter, regarded as a modern day Walt Disney because of his creativity and commercial success.
Walt Disney Co’s (DIS.N) $52.4 billion deal to acquire most of Twenty-First Century Fox Inc’s (FOXA.O) assets was “surgically” structured on good advice to be submitted to regulators
Volatility could well be in the cards for Wall Street again early this fall, but not for the same reason stocks got rattled in February.
I-T department probing acquisition of Chanda Kochhars Mumbai Residence
I-T department looking into acquisition of the residence by Deepak Kochhar
Acquisition of residence said to be linked to firms of Videocon group
Indian Express Reports
BANK OF MAHARASHTRA
3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune
Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers
Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr
RITES IPO subscribed 0.6x on day 1
Fine organic industries IPO subscribed 0.12x on day 1
SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank
B Sriram is the longest serving PSB MD
B Sriram Has Experience In Managing Stressed Assets
Wins bid for Connaught Place in Delhi
Taj Group wins 33-year lease for Connaught Hotel in E-auction
Offered to share 31.8% of annual revenue earned with civic body
Have not received any notice from ED on FEMA violations
U.S. to levy tariff on Indian welded pipes
U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India
China, South Korea, & Turkey to also face duties from U.S.
U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017
U.S. International Trade Commission scheduled to make a final decision By Dec 20