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Twenty-First Century Fox Inc (FOX.OQ)

FOX.OQ on NASDAQ Stock Exchange Global Select Market

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16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Comcast Considers Reviving Pursuit Of Fox After Higher Bid Was Rejected - WSJ
Monday, 12 Feb 2018 

Feb 11 (Reuters) - :COMCAST CONSIDERS REVIVING PURSUIT OF FOX AFTER HIGHER BID WAS REJECTED - WSJ, CITING SOURCES.  Full Article

T-Mobile US And Twentieth Century Fox Announce An Exclusive Partnership
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Twenty-First Century Fox Inc ::T-MOBILE US INC - T-MOBILE AND TWENTIETH CENTURY FOX FILM TODAY ANNOUNCED AN EXCLUSIVE PARTNERSHIP.  Full Article

Fox Sports Adds Twitter, Snapchat Collaborations for 2018 FIFA World Cup Content
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Fox Sports ::SAYS ADDS TWITTER AND SNAPCHAT COLLABORATIONS TO EXPAND 2018 FIFA WORLD CUP CONTENT AND PROGRAMMING.SAYS ON SNAPCHAT, IT WILL PRODUCE A PUBLISHER STORY THAT CHRONICLES THE DAY-BY-DAY EVENTS OF THE TOURNAMENT.  Full Article

‍21St Century Notify Extension of Regulatory Long Stop Date
Friday, 22 Dec 2017 

Dec 22 (Reuters) - ‍21ST CENTURY FOX: :NOTIFIED SKY THAT REGULATORY LONG STOP DATE HAS BEEN EXTENDED TO AUG 15.  Full Article

Disney Says Will Pay 21CF $2.5 bln If Failed to Obtain Regulatory Approvals
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Walt Disney Co ::IF DEAL TERMINATED BY CO DUE TO 21CF BOARD CHANGING RECOMMENDATION OF MERGER BEFORE 21CF STOCKHOLDER APPROVAL, 21CF TO PAY CO $1.525 BILLION.SAYS CO WILL PAY 21CF $2.5 BILLION IF COMPANIES FAIL TO OBTAIN REGULATORY APPROVALS - SEC FILING.DISNEY ENTERED INTO VOTING AGREEMENT WITH MURDOCH FAMILY TRUST, CRUDEN FINANCIAL SERVICES LLC.SAYS EFFECTIVE JAN 1, CEO ROBERT A. IGER'S BASE SALARY WILL INCREASE TO $3.0 MILLION.EFFECTIVE AS OF DEAL CLOSING DATE, ROBERT IGER'S ANNUAL BASE SALARY WILL INCREASE BY AN ADDITIONAL $500,000.SAYS IGER'S TARGET ANNUAL INCENTIVE OPPORTUNITY TO INCREASE TO $20 MILLION.ON EXECUTION OF AMENDED AND RESTATED EMPLOYMENT AGREEMENT,IGER WAS GRANTED RESTRICTED STOCK UNITS OF 245,098 SHARES OF CO'S COMMON STOCK.SAYS IGER'S ANNUAL TARGET-LONG-TERM INCENTIVE AWARD VALUE TO INCREASE TO $25 MILLION.  Full Article

Sky Plc Sees Fox Deal To Close By June 30, 2018​
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Sky Plc ::RESPONSE TO ANNOUNCEMENT MADE BY 21CF AND DISNEY​.‍SKY NOTES TODAY'S ANNOUNCEMENT BY 21CF AND DISNEY REGARDING DISNEY'S AGREEMENT TO ACQUIRE 21CF​.‍ANTICIPATED THAT 21ST CENTURY FOX WILL SEEK TO COMPLETE ITS PLANNED ACQUISITION OF 61% OF SKY IT DOESN'T ALREADY OWN​.REMAINS IN AN OFFER PERIOD AND, TOGETHER WITH 21CF, IS BOUND BY ITS OFFER ANNOUNCEMENT.NOTES THAT 21CF'S CURRENT OFFER IS NOT CONDITIONAL ON COMPLETION OF DISNEY TRANSACTION.‍ANTICIPATES THAT, SUBJECT TO NECESSARY REGULATORY CONSENTS, FOX TRANSACTION WILL CLOSE BY JUNE 30, 2018​.  Full Article

UK's Takeover Panel Says Disney Deal Does Not Alter Fox's Obligations For Sky Offer
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - UK's Takeover Panel:UK'S TAKEOVER PANEL - DISNEY INFORMED EXECUTIVE IT DOES NOT BELIEVE COMPLETION OF ACQUISITION SHOULD TRIGGER MANDATORY BID OBLIGATION UPON DISNEY (CORRECTS SOURCE).UK'S TAKEOVER PANEL - DISNEY-FOX DEAL ‍ANNOUNCEMENT DOES NOT ALTER 21ST CENTURY FOX'S OBLIGATIONS UNDER TAKEOVER CODE.UK'S TAKEOVER PANEL- EXECUTIVE WILL SEEK VIEWS OF INDEPENDENT DIRECTORS OF SKY BEFORE REACHING A DETERMINATION ON THIS ISSUE.  Full Article

21St Century Fox To Spin Off Businesses And Create New “Fox”
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Walt Disney Co ::21ST CENTURY FOX TO SPIN OFF BUSINESSES AND CREATE NEW “FOX”; A GROWTH COMPANY CENTERED ON LIVE NEWS AND SPORTS BRANDS AND THE ICONIC FOX BRAND.TWENTY-FIRST CENTURY FOX - SPIN-OFF WILL BE TAXABLE TO 21ST CENTURY FOX, BUT NOT TO ITS SHAREHOLDERS.TWENTY-FIRST CENTURY FOX INC - PRIOR TO COMPLETION OF SPIN-OFF, NEW FOX WILL PAY AN $8.5 BILLION CASH DIVIDEND TO 21ST CENTURY FOX.TWENTY-FIRST CENTURY FOX - NEW FOX WOULD MAINTAIN TWO CLASSES OF COMMON STOCK: CLASS A COMMON AND CLASS B COMMON VOTING SHARES.TWENTY-FIRST CENTURY FOX - ON SPIN-OFF CLOSING, CO'S SHAREHOLDERS WOULD RECEIVE ONE SHARE OF STOCK IN NEW FOX FOR EACH SAME CLASS OF CO'S SHARE HELD.TWENTY-FIRST CENTURY FOX - GOLDMAN SACHS IS LEAD FINANCIAL ADVISOR TO CO AND PROVIDED A BRIDGE LOAN COMMITMENT OF UP TO $9 BILLION TO NEW FOX.TWENTY-FIRST CENTURY FOX INC - CENTERVIEW PARTNERS AND DEUTSCHE BANK ARE ALSO ACTING AS FINANCIAL ADVISORS TO COMPANY.TWENTY-FIRST CENTURY FOX - NEW FOX TO GET STEP-UP IN ITS TAX BASIS COMMENSURATE WITH CORPORATE TAX RELATING TO SPIN-OFF.TWENTY-FIRST CENTURY FOX - DEAL WITH DISNEY VALUES MERGED 21ST CENTURY FOX BUSINESS AT $28/SHARE USING REFERENCE DISNEY SHARE PRICE OF $102.TWENTY-FIRST CENTURY FOX - DEAL WITH DISNEY VALUES MERGED 21ST CENTURY FOX BUSINESS AT NEARLY $30/SHARE BASED ON DISNEY'S DEC. 13 CLOSING PRICE.TWENTY-FIRST CENTURY FOX - NEW "FOX" WILL ALSO INCLUDE COMPANY'S STUDIO LOT IN LOS ANGELES AND EQUITY INVESTMENT IN ROKU.  Full Article

The Walt Disney Co To Acquire Twenty-First Century Fox For $52.4 Billion In Stock
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Walt Disney Co ::THE WALT DISNEY COMPANY TO ACQUIRE TWENTY-FIRST CENTURY FOX, INC., AFTER SPINOFF OF CERTAIN BUSINESSES, FOR $52.4 BILLION IN STOCK.WALT DISNEY CO - SHAREHOLDERS OF 21ST CENTURY FOX WILL RECEIVE 0.2745 DISNEY SHARES FOR EACH 21ST CENTURY FOX SHARE THEY HOLD.WALT DISNEY CO - DISNEY WILL ALSO ASSUME APPROXIMATELY $13.7 BILLION OF NET DEBT OF 21ST CENTURY FOX.WALT DISNEY - 21ST CENTURY FOX TO SPIN OFF FOX BROADCASTING NETWORK AND STATIONS, FOX NEWS, FOX BUSINESS, FS1, FS2 AND BIG TEN NETWORK TO ITS SHAREHOLDERS.WALT DISNEY CO - TOTAL TRANSACTION VALUE OF DEAL IS APPROXIMATELY $66.1 BILLION.WALT DISNEY CO - TRANSACTION TO INCLUDE 21ST CENTURY FOX'S FILM AND TELEVISION STUDIOS, CABLE ENTERTAINMENT NETWORKS AND INTERNATIONAL TV BUSINESSES.WALT DISNEY CO - BOB IGER AGREED TO CONTINUE AS CHAIRMAN AND CEO OF WALT DISNEY COMPANY THROUGH END OF CALENDAR YEAR 2021.WALT DISNEY CO - ACQUISITION IS EXPECTED TO YIELD AT LEAST $2 BILLION IN COST SAVINGS FROM EFFICIENCIES REALIZED THROUGH COMBINATION OF BUSINESSES.WALT DISNEY CO - DEAL EXPECTED TO BE ACCRETIVE TO EARNINGS BEFORE IMPACT OF PURCHASE ACCOUNTING FOR SECOND FISCAL YEAR AFTER CLOSE OF DEAL.WALT DISNEY CO - 21ST CENTURY FOX REMAINS FULLY COMMITTED TO COMPLETING CURRENT SKY PLC OFFER.WALT DISNEY - ASSUMING FOX COMPLETES SKY DEAL BEFORE CLOSING DEAL WITH DISNEY, CO WOULD ASSUME OWNERSHIP OF SKY.WALT DISNEY CO - BOARDS OF DISNEY AND 21ST CENTURY FOX HAVE APPROVED TRANSACTION.  Full Article

Fox shareholders would own 25 pct of the new Disney - CNBC
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - :FOXA SHAREHOLDERS WOULD OWN 25 PERCENT OF THE NEW DISNEY; NO MANAGEMENT ANNOUNCEMENTS EXPECTED WHEN DEAL IS UNVEILED - CNBC, CITING SOURCES.  Full Article

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Attention turns to bid price after Sky's football winner

LONDON Sky has tightened its grip on English Premier League football rights at a lower price than it currently pays, fuelling speculation that Twenty-First Century Fox could now be forced to pay more to buy the broadcaster.