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Twenty-First Century Fox Inc (FOXA.OQ)

FOXA.OQ on NASDAQ Stock Exchange Global Select Market

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22 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Jeffrey Ubben Reports 4.7 Pct Stake In Twenty-First Century Fox
Saturday, 23 Jun 2018 

June 22 (Reuters) - Jeffrey W. Ubben::JEFFREY W. UBBEN REPORTS 4.7 PERCENT STAKE IN TWENTY-FIRST CENTURY FOX INC AS OF JUNE 20, 2018 - SEC FILING.JEFFREY W. UBBEN HAD PREVIOUSLY REPORTED 6.7 PERCENT STAKE IN TWENTY-FIRST CENTURY FOX INC AS OF APRIL 26, 2018.  Full Article

Disney says willing to divest Fox assets that generated up to $1 bln in EBITDA to get regulatory nod for deal
Friday, 22 Jun 2018 

June 21 (Reuters) - Walt Disney Co DIS.N::WALT DISNEY CO - ON JUNE 20, CO AND TWENTY-FIRST CENTURY FOX, ENTERED INTO AN AMENDED AND RESTATED AGREEMENT AND PLAN OF MERGER - SEC FILING.WALT DISNEY - IF GOVERNMENT CONSENT NEEDED, CO TO DIVEST BOUGHT ASSETS, BESIDES 21CF’S REGIONAL SPORTS NETWORKS, THAT GENERATED NO MORE THAN $1 BILLION OF 21CF EBITDA.WALT DISNEY - AMENDED & RESTATED MERGER DEAL ELIMINATES CONDITION CONTAINED IN ORIGINAL DEAL THAT PARTIES RECEIVE TAX RULING FROM AUSTRALIAN TAXATION OFFICE.WALT DISNEY - ALSO REMAINS COMMITTED, IF AND TO EXTENT NECESSARY TO OBTAIN REQUIRED GOVERNMENTAL CONSENTS, TO DIVEST 21CF'S REGIONAL SPORTS NETWORKS.WALT DISNEY - AMENDED & RESTATED MERGER DEAL PROVIDES EACH SHARE OF DISNEY COMMON STOCK WILL BE CONVERTED INTO ONE SHARE OF NEW DISNEY COMMON STOCK.WALT DISNEY-AMENDMENT THAT CO COULD DIVEST BOUGHT ASSETS GENERATING NO MORE THAN $1 BILLION OF 21CF EBITDA, IS UP $500 MILLION OF 21CF EBITDA FROM ORIGINAL DEAL.  Full Article

Walt Disney Signs Amended Agreement To Acquire Twenty-First Century Fox For $71.3 Bln In Cash And Stock
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Walt Disney Co : :THE WALT DISNEY COMPANY SIGNS AMENDED ACQUISITION AGREEMENT TO ACQUIRE TWENTY-FIRST CENTURY FOX, INC., FOR $71.3 BILLION IN CASH AND STOCK.WALT DISNEY - UNDER AMENDED DEAL, EXPECTED TO PAY TOTAL OF ABOUT $35.7 BILLION IN CASH & ISSUE ABOUT 343 MILLION NEW SHARES TO 21ST CENTURY FOX SHAREHOLDERS.WALT DISNEY CO - ACQUISITION PRICE IMPLIES A TOTAL TRANSACTION VALUE OF APPROXIMATELY $85.1 BILLION, ASSUMING NO TAX ADJUSTMENT.WALT DISNEY CO - 21ST CENTURY FOX SHAREHOLDERS TO GET EXCHANGE RATIO OF 0.3324 SHARES OF CO'S STOCK IF AVERAGE DISNEY STOCK PRICE AT CLOSING IS ABOVE $114.32.WALT DISNEY CO - HAS SECURED FINANCING COMMITMENTS FOR CASH PORTION OF ACQUISITION.WALT DISNEY CO - AS PER AMENDED DEAL, DISNEY WILL ALSO ASSUME ABOUT $13.8 BILLION OF NET DEBT OF 21ST CENTURY FOX.WALT DISNEY - 21ST CENTURY FOX SHAREHOLDERS TO GET EXCHANGE RATIO OF 0.4063 SHARES OF CO'S STOCK IF AVERAGE DISNEY STOCK PRICE AT CLOSING IS BELOW $93.53.WALT DISNEY - AMENDED TRANSACTION EXPECTED TO BE ACCRETIVE TO DISNEY EPS BEFORE IMPACT OF PURCHASE ACCOUNTING FOR SECOND FY AFTER CLOSE OF TRANSACTION.WALT DISNEY - AMENDED TRANSACTION TO YIELD AT LEAST $2 BILLION IN COST SYNERGIES BY 2021 FROM OPERATING EFFICIENCIES REALIZED THROUGH COMBINATION OF BUSINESSES.WALT DISNEY CO - AMENDED AGREEMENT HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF DISNEY AND 21ST CENTURY FOX.  Full Article

21 Century Fox Responds To UK DCMS Statement
Tuesday, 19 Jun 2018 

June 19 (Reuters) - 21st Century Fox Inc ::21CF RESPONSE TO SECRETARY OF STATE'S ANNOUNCEMENT.WELCOMES TODAY'S ANNOUNCEMENT BY SECRETARY OF STATE FOR DIGITAL, CULTURE, MEDIA AND SPORT.  Full Article

Sky Responds To UK DCMS Statement Regarding 21 Century Fox Offer For Co
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Sky Plc::RESPONSE TO DCMS WRITTEN STATEMENT REGARDING 21CF.SKY SAYS "WELCOMES" WRITTEN MINISTERIAL STATEMENT BY SECRETARY OF STATE FOR DEPARTMENT FOR DIGITAL, CULTURE, MEDIA AND SPORT REGARDING 21CF'S OFFER FOR SKY.UK APPROVAL PROCESS REMAINS ONLY OUTSTANDING PRE-CONDITION PRIOR TO 21CF'S OFFER BEING PUT TO SKY SHAREHOLDERS.  Full Article

Walt Disney Expected To Add Cash To Current Bid For Twenty-First Century Fox's Assets - CNBC, Citing Sources
Monday, 18 Jun 2018 

June 18 (Reuters) - :WALT DISNEY EXPECTED TO ADD CASH TO CURRENT BID FOR TWENTY-FIRST CENTURY FOX'S ASSETS - CNBC, CITING SOURCES.  Full Article

Comcast Expects To Close Sky Deal Before 2018-End After EC Clearance
Friday, 15 Jun 2018 

June 15 (Reuters) - Comcast Corp ::UPDATE ON COMCAST'S SUPERIOR CASH OFFER FOR SKY.EUROPEAN COMMISSION HAS CLEARED UNCONDITIONALLY COMCAST-SKY ACQUISITION UNDER EU MERGER REGULATION FOLLOWING ITS PHASE I REVIEW.COMCAST SAYS EXPECTS TO COMPLETE SKY ACQUISITION BEFORE END OF 2018.  Full Article

Sky Plc Says Notes Annoucement By UK's Secretary of State For DCMS
Monday, 21 May 2018 

May 21 (Reuters) - Sky Plc ::RESPONSE TO DCMS ANNOUNCEMENT ON COMCAST OFFER.NOTES ANNOUNCEMENT BY SECRETARY OF STATE FOR DCMS THAT HE IS NOT MINDED TO INTERVENE ON PUBLIC INTEREST GROUNDS IN RELATION TO COMCAST'S OFFER FOR SKY.SECRETARY OF STATE HAS NOT REACHED A FINAL DECISION.BEFORE REACHING A FINAL DECISION, SECRETARY OF STATE WILL CONSIDER FURTHER REPRESENTATIONS, WHICH ARE TO BE PROVIDED BY THURSDAY 24 MAY.  Full Article

Lachlan Murdoch Named CEO Of Proposed New Fox
Wednesday, 16 May 2018 

May 16 (Reuters) - Twenty-First Century Fox Inc ::SENIOR LEADERSHIP NAMED FOR THE PROPOSED NEW FOX.TWENTY-FIRST CENTURY FOX INC - EXECUTIVE CHAIRMAN LACHLAN MURDOCH WILL SERVE AS CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF PROPOSED NEW "FOX".TWENTY-FIRST CENTURY FOX INC - RUPERT MURDOCH TO ASSUME ROLE OF CO-CHAIRMAN FOR PROPOSED NEW FOX.TWENTY-FIRST CENTURY FOX INC - JOHN NALLEN, 21CF'S CHIEF FINANCIAL OFFICER, WILL TAKE A BROADER ROLE AS NEW FOX'S CHIEF OPERATING OFFICER.TWENTY-FIRST CENTURY FOX INC - RUPERT MURDOCH WILL SERVE AS CO-CHAIRMAN OF NEW FOX, ALONGSIDE LACHLAN MURDOCH.  Full Article

Fox Says Expect To Receive UK Regulatory Approval On Sky Deal In A Month Or Two
Thursday, 10 May 2018 

May 9 (Reuters) - Walt Disney Co ::FOX - EXPECTS TO BE IN THE POSITION TO REQUEST SHAREHOLDER APPROVAL FOR DISNEY TRANSACTION AND CREATION OF NEW FOX THIS SUMMER-LACHLAN MURDOCH.FOX - THE FOX NEWS CHANNEL ACHIEVED ITS HIGHEST QUARTERLY EBITDA IN ITS HISTORY - LACHLAN MURDOCH, CONF CALL.FOX - ADJUSTED EPS OF $0.49 INCLUDES A $0.02 PER SHARE CHARGE RELATED TO STOCK COMPENSATION CHARGE-CFO, CONF CALL.FOX - GIVEN COMCAST BID FOR SKY WE ARE CONSIDERING OUR OPTIONS, WITH ANNOUNCEMENT IN “DUE COURSE”-JAMES MURDOCH, CONF CALL.FOX - EXPECT TO RECEIVE U.K. REGULATORY APPROVAL ON SKY TRANSACTION IN A MONTH OR TWO -JAMES MURDOCH, CONF CALL.  Full Article

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Disney willing to divest more Fox assets for deal clearance

Walt Disney Co said on Thursday it was willing to divest Twenty-First Century Fox Inc assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization (EBITDA) to get a regulatory nod for the deal.