News 

Disney said it’s willing to divest more Fox assets to get a deal cleared by regulators

“Disney in a regulatory filing said it was willing to divest the assets, potentially including regional sports networks” writes unknown author for cnbc.com. Walt Disney said on Thursday it was willing to divest Twenty-First Century Fox assets that generated up to $1 billion in earnings before interest, tax, depreciation, and amortization (EBITDA) to get a regulatory nod for the deal. Disney Chief Executive Officer Bob Iger, who has been working with regulators around the world for the past six months, has downplayed antitrust concerns related to the deal.The media conglomerate…

Read More
Crypto GBP Markets News 

CryptoUK Assures British MPs That Customers’…

“A source from the report believes that the crypto assets were stored in hot wallets, making them more susceptible to hacking attempts” writes Rebecca Campbell for livebitcoinnews.com. One of the more popular arguments is that crypto assets are used by criminals.British MPs have been assured by the country’s Bitcoin website operators that consumers’ crypto assets are secure after security concerns were raised by members of a parliamentary committee.Iqbal Gandham, the chairman of CryptoUK, explained that it required 90 percent of crypto assets to be stored in cold wallets, reports The…

Read More
News 

Linde, Praxair offer concessions in bid to win EU okay for merger

“FILE PHOTO: Linde Group logo is seen at company building in Munich Thomson Reuters BRUSSELS (Reuters) – German industrial gases company Linde and U.S. peer Praxair have offered concessions in a bid to address EU antitrust concerns and secure approval for their merger” reports businessinsider.com. Sources say the companies plan to divest assets in Europe and the United States where the deal is also under regulatory scrutiny.Taiyo Nippon Sanso Corp and private equity firm Carlyle Group are the frontrunners to buy assets, sources told Reuters earlier this week. Source: businessinsider.com Share…

Read More
News 

Disney Hikes Bid for Fox Assets to $71.3 Billion, Tops Comcast

“AT&T structured its $85 billion deal to buy Time Warner to avoid such a review” writes Munsif Vengattil for reuters.com. (Reuters) – Walt Disney Co raised its bid for the bulk of Twenty-First Century Fox Inc’s film and television assets to $71.3 billion on Wednesday, sweetening its deal with cash as it looks to upend Comcast Corp’s $65 billion offer.Following the deal, Fox shareholders would own about 19 percent of the combined company, Disney Chief Financial Officer Christine McCarthy said on a conference call.Fox shares jumped 8 percent to $48.23,…

Read More
News 

Disney raises bid for Fox assets to $71.3 billion in cash and stock, topping Comcast

“Walt Disney Co. raised its bid for Twenty-First Century Fox’s movie and television assets to $71.3 billion, the companies announced Wednesday” writes Liz Moyer for cnbc.com. The new bid is $38 a share, up from Disney’s $28 a share offer in December and rivaling Comcast’s $35 a share all-cash bid last week.Disney’s new bid allows Fox shareholders to choose cash or stock. Fox’s Executive Chairman Rupert Murdoch and Disney CEO Robert Iger met Tuesday night before this new bid was submitted, sources told CNBC’s David Faber. Source: cnbc.com Share This:

Read More
News 

Disney ups offer for Twenty-First Century Fox to more than $70B

“Disney is upping the ante for Fox, making a $70.3 billion counterbid for Fox’s entertainment businesses following Comcast’s $65 billion offer for the company” writes Mae Anderson for sun-sentinel.com. Disney’s move had been expected ever since Comcast’s bid, which was higher than Disney’s original offer in December of $52.5 billion in stock. Source: sun-sentinel.com Share This:

Read More
News Stocks 

Disney raises its bid for Fox’s entertainment businesses to $71.3 billion

“The company said it would pay $35.7 billion in cash and issue roughly 343 million new shares to 21st Century Fox shareholders” writes Steven Zeitchik Covers for washingtonpost.com. The combination of cash and stock in Disney’s offer neutralizes Comcast’s previous advantage among Fox shareholders who prefer cash.In December, Disney had offered $52.4 billion in stock for the bulk of Fox assets, before Comcast swooped in with an all-cash offer for $65 billion last week. Source: washingtonpost.com Share This:

Read More
News 

Fox board to weigh $65 billion Comcast bid on Wednesday, sources say

“If the Fox board deems Comcast’s offer to be better, Disney will have five days to make a fresh bid” writes Nabila Ahmed for sun-sentinel.com. Rupert Murdoch and the 21st Century Fox Inc. board will consider on Wednesday how to proceed with Comcast’s $65 billion bid for the company’s entertainment assets, people with knowledge of the matter said.Comcast Chief Executive Officer Brian Roberts said his company’s new offer “fully addresses the board’s stated concerns” with the previous bid. Source: sun-sentinel.com Share This:

Read More
News 

Here are 6 teams that could actually trade for Kawhi Leonard

“Kawhi Leonard wants to be traded from the San Antonio Spurs, according to multiple reports” writes Jun Edt for sbnation.com. Woj reported that the Celtics inquired about a Leonard trade back in February, so there may be some legs to this rumor, though.Still, a potential Leonard trade could shake up the league and push a fringe playoff team into a title contender. Source: sbnation.com Share This:

Read More