|Bid||45.25 x 100|
|Ask||46.75 x 100|
|Day's range||45.90 - 46.38|
|52-week range||24.81 - 50.15|
|PE ratio (TTM)||21.27|
|Earnings date||8 Aug 2018|
|Forward dividend & yield||0.36 (0.73%)|
|1y target est||47.35|
Jul.20 -- Comcast Corp. stepped back from its bid for Twenty-First Century Fox assets, leaving the Walt Disney Co. as the victor in a deal worth $71 billion. Bloomberg's Nabila Ahmed looks at how Rupert Murdoch benefits from the bidding war that pushed up the final sale price. She speaks on "Bloomberg Daybreak: Americas."
Jul.19 -- Craig Moffett, founding partner at MoffettNathanson, discusses Comcast Corp. dropping its pursuit of Twenty-First Century Fox assets. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg Daybreak: Americas."
Ryan McQueeney and Maddy Johnson take on this week's biggest stories, including the latest twist in the ongoing battle between Comcast and Disney to buy Fox assets, Google's new legal headache in Europe, and earnings report from the likes of IBM and Microsoft.
Bank lending for US mergers and acquisitions of high-grade companies will scale new heights this year, as the voracious appetite for mega-deals persists even while credit markets turn choppy and recession talk surfaces, bankers and strategists said. M&A lending to US blue chip companies could top US$250bn by year end, according to Thomson Reuters LPC’s quarterly lending survey, in what would be a record, far surpassing the prior high of around US$203bn last year. This year has already seen three of the 10 largest US investment grade bridge loans of all time – extended to Walt Disney for Fox, US cable company Comcast’s ongoing bid for European broadcaster Sky (Frankfurt: 893517 - news) , and health insurer Cigna for pharmacy benefits manager Express Scripts.
Comcast is ratcheting up the pressure on Disney over its pursuit of Sky, analysts told CNBC on Friday, shortly after it dropped out of the race to acquire Twenty-First Century Fox.
Rupert Murdoch had one more blockbuster deal in him. The 87-year-old mogul is poised to complete a $71 billion sale of selected 21st Century Fox Inc. assets to Walt Disney Co. While Murdoch’s track record is mixed -- the 2005 investment in MySpace was a half-billion dollars he never saw again -- this transaction will cement his legacy as one of the media world’s top wheeler-dealers. After competition from Comcast Corp. pushed Disney to boost its winning bid, Murdoch stands to add about $3 billion of Disney stock to what Bloomberg Billionaires Index estimates is already a $18.1 billion fortune.
Asian markets wobbled Friday on signs that China and the U.S. were preparing to impose more tariffs on each other's products. KEEPING SCORE: Japan's Nikkei 225 lost 0.5 percent to 22,652.42 and South Korea's ...
Comcast Corp. dropped its bid for 21st Century Fox’s entertainment assets amid mounting odds, clearing the way for rival Walt Disney Co. to acquire key pieces of Rupert Murdoch’s media empire for $71.3 billion. Comcast has the higher offer for the operator, in which Fox already owns a 39% stake. Disney Chief Executive Robert Iger has called Sky a “crown jewel” in the deal for Fox.
The central battle for 21st Century Fox assets ended on Thursday when Comcast dropped its bid, ceding the prize to Walt Disney. The rational move would be for Disney to leave Sky to Comcast, lowering the risk of its purchase of the other Fox assets and quieting the loser with a consolation prize.
Jim Cramer anticipates more gains for shares of Disney and Comcast as the companies' battle over Twenty-First Century Fox's assets comes to a close.
NEW YORK (AP) — Comcast is dropping its bid for Fox's entertainment businesses, paving the way for Disney to boost its upcoming streaming service by buying the studios behind "The Simpsons" and X-Men.
21st Century Fox Inc. President Peter Rice is being considered for a role that would put him atop much of the TV businesses at Walt Disney Co., assuming the company completes a deal to buy Fox’s entertainment assets, people familiar with the matter said. In that position, Rice would supervise ABC and the Disney channels, potentially leading the way for other current Fox executives, such as Dana Walden and John Landgraf, to join the company, said the people, who asked not to be identified because the deliberations are still underway. Disney has agreed to pay $71 billion in cash and stock for the bulk of Fox’s entertainment assets, including its film and TV studio, cable networks such as National Geographic, and a chunk of the Sky Plc satellite-TV service in Europe.
Comcast's withdrawal is a concession to Walt Disney Co (DIS.N), which last month sweetened its offer for the Fox assets to $71.3 billion(54.75 billion pounds), in a bid to unite two storied Hollywood studios and several television networks under one corporate umbrella. Comcast's move de-escalates one of the media industry's most high-profile confrontations, which pitted Comcast Chief Executive Brian Roberts against Fox Executive Chairman Rupert Murdoch and Disney CEO Bob Iger.
U.S. stocks slipped on Thursday after earnings disappointed and trade jitters intensified on fears that the European Union could slap retaliatory tariffs on goods imported from the United States. Officials ...
CEO Brian Roberts could still walk away with an M&A win if Comcast buys Sky — or he could add yet another swing and miss.
Shares of Disney (DIS) surged over 3% in morning trading Thursday after Comcast (CMCSA) announced that it will no longer pursue key 21st Century Fox (FOXA) entertainment assets. Disney now looks poised to secure Fox's film and TV studio, as well as other properties, in a move that could propel the conglomerate in the age of Netflix (NFLX).
Comcast Corp dropped its $66 billion bid for Twenty-First Century Fox Inc's entertainment assets on Thursday but said it would still try to expand its international footprint by acquiring 61 percent of European broadcaster Sky Plc (Frankfurt: 893517 - news) , the remainder of which is owned by Fox. Comcast (Swiss: CMCSA.SW - news) 's withdrawal is a concession to Walt Disney Co , which last month sweetened its offer for the Fox assets to $71.3 billion, in a bid to unite two storied Hollywood studios and several television networks under one corporate umbrella. Comcast's move de-escalates one of the media industry's most high-profile confrontations, which pitted Comcast Chief Executive Brian Roberts against Fox Executive Chairman Rupert Murdoch and Disney CEO Bob Iger.
Comcast Corp. backed down from its pursuit of Rupert Murdoch’s 21st Century Fox Inc. on Thursday morning, allowing Walt Disney Co. to proceed with its own $85.1 billion acquisition of the assets, for which Disney has already obtained regulatory clearance (figure includes assumed debt). “I’d like to congratulate Bob Iger and the team at Disney,” read part of the statement from Comcast Chairman and CEO Brian Roberts conceding the deal.
Comcast's withdrawal is a concession to Walt Disney Co (DIS.N), which last month sweetened its offer for the Fox assets to $71.3 billion. It de-escalates one of the media industry's most high-profile confrontations, which pitted Comcast Chief Executive Brian Roberts against Fox Executive Chairman Rupert Murdoch and Disney CEO Bob Iger.
Raymond James raises its rating to outperform from market perform for Comcast shares, predicting investor sentiment for the company will improve over the next year.
NBCUniversal Inc.’s owner, Comcast Corp., raised its offer to buy all of Sky to £25.9 billion on July 11. Co. to acquire most of Fox’s entertainment assets, until Comcast dropped its pursuit of Fox. In the fiscal year ended June 30 of last year, Sky had revenue of £12.92 billion and a pretax profit of £803 million.
Craig Moffett, founding partner at MoffettNathanson, discusses Comcast Corp. dropping its pursuit of Twenty-First Century Fox assets. He speaks with Bloomberg's Jonathan Ferro on "Bloomberg Daybreak: ...
U.S. stocks opened lower Thursday, with the Dow Jones Industrial Average on the verge of ending a multisession rally as investors focused on quarterly earnings and fresh developments in disputes between the U.S. and its global trade partners. The Dow (DJIA) was down nearly 60 points, or 0.2%, at 25,140, the S&P 500 index (SPX) was off 0.2% at 2,810, with a decline of at least 0.4% in financials and consumer-staples sectors. The technology-laden Nasdaq Composite Index was down 0.1% at 7,846, but not far off its record high set on Tuesday.