2018-07-31

Another media consolidation going on ... bet you this isn't good for anyone but a few.

https://en.wikipedia.org/wiki/Proposed_acquisition_of_21st_Century_Fox_by_Disney

"The Walt Disney Company started a bid to acquire 21st Century Fox for $52.4 billion in stock in December 2017. Under the terms of the agreement, Disney would acquire the Twentieth Century Fox film and TV studios, Fox Networks Group (along with cable networks such as FX Networks), stakes in National Geographic Partners, Indian satellite TV group Star India, Hulu, UK-based satellite TV group Sky plc, and other key assets. 21st Century Fox will spin-off Fox News, the Fox Business Network, FS1, FS2, Fox Deportes, the Big Ten Network, the Fox Broadcasting Company, Fox Television Stations, and MyNetworkTV into the "New Fox" company.[1]
 
Comcast (whose division NBCUniversal includes Universal Pictures, DreamWorks Animation, Illumination Entertainment and Universal Parks & Resorts) counter-offered on June 13, 2018, with a $65 billion all cash proposal to acquire the Fox assets that Disney was set to purchase, touching off a major bidding war between the two companies.[2] A week later, Disney counterbid with a $71.3 billion offer.[3] Comcast officially ended its bidding war with Disney to acquire Fox on July 19, in order to focus on acquiring a controlling stake in Sky plc.[4] Disney and Fox shareholders approved Disney's purchase of Fox's entertainment assets on July 27. If approved by all international regulators, the acquisition is estimated to be completed in the first half of 2019.[5]"

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