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FOXA

21st Century Fox

$36.06

-0.74 (-2.01%)

, FOX

21st Century Fox

$35.70

-0.72 (-1.98%)

16:04
02/07/18
02/07
16:04
02/07/18
16:04

Fox sees Disney deal closing in 12-18 months from Dec. 13

21st Century Fox (FOXA, FOX) said in today's earnings release, "On December 14, 2017, the Company announced that it has entered into a definitive agreement for The Walt Disney Company (DIS) to acquire the Company, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses, for approximately $52.4 billion in stock (subject to adjustment). Prior to the acquisition, the Company will separate the Fox Broadcasting network and its owned and operated television stations, Fox News Channel, Fox Business Network, FS1, FS2, Big Ten Network and certain other assets into a newly listed company that will be spun off to its shareholders. The transaction is subject to the satisfaction of certain conditions, including regulatory and shareholder approval, the receipt of a tax ruling from the Australian Taxation Office and certain tax opinions with respect to the treatment of the transaction under U.S. and Australian tax laws, and other customary closing conditions. The transaction is expected to be completed approximately 12 to 18 months from December 13, 2017."

FOXA

21st Century Fox

$36.06

-0.74 (-2.01%)

FOX

21st Century Fox

$35.70

-0.72 (-1.98%)

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    Feb

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    Feb

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    Mar

FOXA 21st Century Fox
$36.06

-0.74 (-2.01%)

01/10/18
BOFA
01/10/18
NO CHANGE
Target $144
BOFA
Buy
Disney price target raised to $144 from $130 at BofA/Merrill
BofA/Merrill analyst Jessica Reif Cohen raised her price target for Disney (DIS) to $144 from $130 as she believes it offers a "solid" catalyst pipeline for upside potential in 2018/2019, driven by a strong film release slate, a potential spring analyst event to discuss direct-to-consumer strategy, the opening of Toy Story Land, DTC/Hulu, and accelerating buybacks ahead of its pending 21st Century Fox (FOXA) acquisition. The analyst also projects Disney's Q1 will reflect healthy Studio and Theme Park trends, partially offset by unfavorable comps at Consumer Products and ratings headwinds/streaming investments Media Networks. Cohen reiterates a Buy rating on Disney's shares.
01/16/18
RILY
01/16/18
UPGRADE
Target $46
RILY
Buy
21st Century Fox upgraded to Buy from Neutral at B. Riley FBR
B. Riley FBR analyst Barton Crockett upgraded 21st Century Fox to Buy and raised his price target for the shares to $46 from $38. The analyst raised his estimates and price targets across the entire media sector reflect the benefits of tax reform.
01/22/18
ATLE
01/22/18
UPGRADE
ATLE
Overweight
21st Century Fox upgraded to Overweight from Neutral at Atlantic Equities
01/28/18
PIPR
01/28/18
NO CHANGE
PIPR
Growth of sports rights may be coming down, says Piper Jaffray
Piper Jaffray analyst Stan Meyers says he is starting to see some evidence that the growth of sports rights may be coming down toward a more reasonable rate. The analyst notes that only CBS (CBS), Fox (FOXA) and NBC (CMCSK; CMCSA) submitted bids for Thursday Night Football rights, with CBS and NBC submitting bids below their current rate of $450M per year, and Fox making a higher bid for the rights, in a likely effort to establish itself as a "live sports and news" network in the wake of selling a majority of assets to Disney (DIS). On the digital side, Facebook (FB) declined to make an offer for digital streaming rights to TNF, while Amazon (AMZN), which paid $50M this year, and Twitter (TWTR), which paid $10M last year did submit bids.
FOX 21st Century Fox
$35.70

-0.72 (-1.98%)

12/13/17
FBNS
12/13/17
NO CHANGE
FBNS
FBN says Fox could be worth over $42 per share with Disney deal
With multiple media report indicating that Disney (DIS) is close to finalizing a deal to buy most of 21st Century Fox's (FOX) assets and operations, FBN Securities analyst Robert Routh is estimating that Fox shares could have a "real value" of $42.46 based on what has been reported on the likely deal. This estimate is before considering taxes and taking into account that Disney shares will likely rise after a deal is confirmed, said Routh, who does not officially cover either Disney or Fox.
12/13/17
BTIG
12/13/17
NO CHANGE
BTIG
Disney, Fox deal may be a near-term positive for Netflix, BTIG says
Commenting on Disney's (DIS) deal with Fox (FOX; FOXA) and its potential implications, BTIG's Richard Greenfield notes that the knee jerk reaction he hears across the investment world is the former is buying the later to build their "Netflix killer." Greenfield "strongly disagrees" with this viewpoint, saying that if Disney wanted to build a Netflix competitor it should be eliminating its stock buyback and aggressively investing in content that has no legacy media strings attached. Further, the Disney/Fox transaction is likely a near-to-intermediate term positive for Netflix, he argues, adding that both companies will be tied up in a 12 month or more regulatory review process with thousands of executives in limbo pending the closing of the transaction.
12/18/17
UBSW
12/18/17
NO CHANGE
Target $122
UBSW
Buy
Disney deal for Fox fits both strategically and financially, says UBS
UBS analyst John Hodulik said Disney's (DIS) deal for Fox (FOXA) strengthens its asset base amid the evolving media landscape and fits well both strategically and financially. He believes the deal enhances Disney's growth trajectory and will be accretive to 2020 free cash flow while helping it widen its appeal and target audience. Hodulik reiterated his Buy rating and $122 price target on Disney shares.

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TROV

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CVM

CEL-SCI

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ACM

Aecom

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LMT

Lockheed Martin

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-1.39 (-0.46%)

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LMT

Lockheed Martin

$298.95

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XLE

Energy Select Sector SPDR

$75.21

1.59 (2.16%)

, XLU

Utilities SPDR

$50.75

0.36 (0.71%)

17:14
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General news
Week ending ETF Scorecard: Utilities and Real Estate advance, Industrials slump »

S&P500 SECTORS:…

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Energy Select Sector SPDR

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1.59 (2.16%)

XLU

Utilities SPDR

$50.75

0.36 (0.71%)

IYR

DJ US Real Estate Index Fund

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XLP

Consumer Staples Sector SPDR

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XLY

Consumer Discretionary Sector SPDR

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XLB

S&P Select Materials SPDR

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XLF

Financial Select Sector

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Health Care Select Sector SPDR

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XLK

Technology Select Sector SPDR

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XLI

Industrial Select Sector SPDR

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GLD

SPDR Gold Trust

$120.33

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SLV

iShares Silver Trust

$15.49

0.135 (0.88%)

USO

United States Oil Fund

$14.02

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UNG

United States Natural Gas Fund

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HYG

iShares iBoxx $ High Yield Corporate Bond

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LQD

iShares iBoxx $ Investment Grade Corporate Bond

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TLT

iShares 20+ Year Treasury Bond Fund

$120.57

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iShares 7-10 Year Treasury Bond ETF

$102.11

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iShares 1-3 Year Treasury Bond

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iShares Russell 1000 Growth

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PFNX

Pfenex

$5.43

0.14 (2.65%)

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BXE

Bellatrix Exploration

$1.00

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LOGI

Logitech

$44.24

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PAGS

PagSeguro Digital

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APLS

Apellis

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SPX

S&P 500

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THRM

Gentherm

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-0.75 (-1.93%)

16:45
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Conference/Events
Gentherm to hold a strategic update »

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MGTX

MeiraGTx

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MDT

Medtronic

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0.51 (0.59%)

16:39
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Medtronic to hold an analyst and investor briefing »

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FOXA

21st Century Fox

$48.59

0.25 (0.52%)

, FOX

21st Century Fox

$48.28

0.31 (0.65%)

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21st Century Fox extends CFO John Nallen's employment contract to 2021 »

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FENC

Fennec

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SBBP

Strongbridge Biopharma

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Options
Preliminary option volume of 16.8M today »

Preliminary option volume…

COOL

PolarityTE

$38.91

-0.09 (-0.23%)

16:28
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PolarityTE to hold a meeting »

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