Morningstar - Twenty-First Century Fox Inc. Class A (FOXA) Fox Will Tender its Sky Stake to Comcast; Disney Can Focus on Integrating Fox Assets

Report

Morningstar

Neil Macker

EUR 100.00 For Business Accounts Only

Fox Will Tender its Sky Stake to Comcast; Disney Can Focus on Integrating Fox Assets

Fox announced on Sept. 26 that it will sell its 39% share in Sky to Comcast under the cable company's GBX 1,728 tender offer for Sky shares. The tender will move Comcast's stake in the company to well over the 50% goal and will likely force other shareholders to sell as well. Disney will use the additional proceeds from the sale to lower the debt load needed to acquire the Fox assets. Disney is in the process of closing its acquisition of the Fox assets which would have included the 39% stake in...

27/09/2018 18 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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Fox Will Tender its Sky Stake to Comcast; Disney Can Focus on Integrating Fox Assets

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

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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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