Morningstar - Twenty-First Century Fox Inc. Class A (FOXA) Comcast Takes Its Expected Swing at Fox Assets; Disney Projected to Sweeten Its Offer with Cash

Report

Morningstar

Neil Macker

Comcast Takes Its Expected Swing at Fox Assets; Disney Projected to Sweeten Its Offer with Cash

Comcast made its expected bid for the Fox assets on Wednesday as the firm publicly announced an all-cash offer of $35 per share or $65 billion, 19% above the $55 billion offer from Disney. This offer is slightly above the $34.14 per share all-stock offer that Comcast made in November 2017. Management stressed that its new offer is structured in a similar manner to the Disney one and claimed that the judicial decision about the AT&T and Time Warner merger makes the Comcast offer as likely to ...

14/06/2018 16 EN

Underlying

Twenty-First Century Fox Inc. Class A

Twenty-First Century Fox is a media and entertainment company with operations in the following segments: Cable Network Programming, which consists of the production and licensing of programming distributed primarily through cable television systems and others; Television, which consists of the broadcasting of network programming and the operation of power broadcast television stations; Filmed Entertainment, which consists of the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media worldwide, and the production and licensing of television programming worldwide; and Other, Corporate and Eliminations.

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US90130A1016 United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Neil Macker

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Comcast Takes Its Expected Swing at Fox Assets; Disney Projected to Sweeten Its Offer with Cash

Monthly LMI Update Independent Investment Research

Feasibility Study Results in December to be a Catalyst for this Junior

Morningstar | Twenty-First Century Fox Completes Spinout of Fox Corp.; Disney Will Acquire 21CF on March 20

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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