News Disney and Fox come to terms -- announcement soon; huge IP acquisition

[ABQ]

Welp its after 5pm in Mexico. Should we expect anything today or do we have to wait till tomorrow?

And here I thought New Mexico was the Land of mañana , not Old Mexico, but it does seem we are waiting.

 

[Darkprime]

There might still be hope yet! its possible they will discuss it in the evening. according to this tweet.

 

[ABQ]

There might still be hope yet! its possible they will discuss it in the evening. according to this tweet.

"They talk about:
The @IFT_mx is scheduled to discuss and, if necessary, approve the purchase of Twenty-First Century Fox by the Walt Disney Company today, after delaying it for two weeks."

Isn't that exactly what was said earlier, just sounds like someone parroting statements already made.

 

[Razor85]

I can’t help but think some $hadiness is about to go down and the vote gets delayed again.

 

[Crossfire]

huh, that's really weird, why would they discuss it in the evening? in Brazil it was in the early morning.

 

[Darkprime]

I can’t help but think some $hadiness is about to go down and the vote gets delayed again.

I really hope not. But I agree I dont like how they seem to be dragging their feet with this.

 

[Darkprime]

In some positive news Disney is making progress selling the regional sports networks.

Kate Beckinsale, 45, Exhibits Off Her Toned Abs In Sports activities Bra & Leggings – Pic - Latest News and Movies

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dvdclip.com

 

[Lafayettecalboy]

I really hope not. But I agree I dont like how they seem to be dragging their feet with this.

It possible IFT wants more from Disney, They should have not scheduled it for today if they have concerns.

 

[Darkprime]

It possible IFT wants more from Disney, They should have not scheduled it for today if they have concerns.

well the idea was that they would approve today because Brazil approved with conditions on the sale of Fox Sports Brazil apparently CADE was in communication with IFT and they supposedly agreed along with Chile that divesting Fox Sports Latin America was the best course of action so I'm not sure why IFT would suddenly have issues.

 

[JoeCamel]

I can’t help but think some $hadiness is about to go down and the vote gets delayed again.

It possible IFT wants more from Disney, They should have not scheduled it for today if they have concerns.

Y'all ever been to Mexico?

 

[Lafayettecalboy]

well the idea was that they would approve today because Brazil approved with conditions on the sale of Fox Sports Brazil apparently CADE was in communication with IFT and they supposedly agreed along with Chile that divesting Fox Sports Latin America was the best course of action so I'm not sure why IFT would suddenly have issues.

Or maybe the vote is confidential maybe tonight or tomorrow morning is a policy.

 

[Darkprime]

"They talk about:
The @IFT_mx is scheduled to discuss and, if necessary, approve the purchase of Twenty-First Century Fox by the Walt Disney Company today, after delaying it for two weeks."

Isn't that exactly what was said earlier, just sounds like someone parroting statements already made.

google translate gives me this.

@IFT_mx has scheduled to discuss and, if necessary, approve today in the evening the purchase of Twenty-First Century Fox by the Walt Disney Company, after delaying it for two weeks.

 

[Darkprime]

 

[Darkprime]

Looks like the announcement will come tomorrow. Bottom tweet translates to "There will be official bulletin tomorrow".

 

[Twilight_Roxas]

Let it be approved.

 

[JoeCamel]

Looks like the announcement will come tomorrow. Bottom tweet translates to "There will be official bulletin tomorrow".

Ahh Mexico, manana........

 

[Lafayettecalboy]

Good News! : https://www.businesswire.com/news/h...-Company-Announces-Expects-Extension-Exchange

 

[SlyCoug]

Closing date just announced for March 20th!

https://www.21cf.com/news/21st-cent...ine-for-form-of-consideration-in-acquisition/

 

[bartholomr4]

BURBANK, Calif. & NEW YORK--(BUSINESS WIRE)--The Walt Disney Company (“Disney”) (NYSE: DIS) and Twenty-First Century Fox, Inc. (“21CF”) (NASDAQ: FOXA, FOX), in connection with Disney’s acquisition of 21CF (the “Acquisition”), announced today that the deadline for holders of 21CF common stock to elect the form of consideration they wish to receive in the Acquisition will be at 5:00 p.m., Eastern Time, on March 14, 2019 (the “Election Deadline”). In addition, Disney and 21CF announced that they expect 21CF to distribute, at approximately 8:00 a.m. Eastern Time on March 19, 2019 all issued and outstanding shares of Fox Corporation common stock to 21CF stockholders (other than holders of the shares held by subsidiaries of 21CF) on a pro rata basis and for the Acquisition to become effective at 12:02 a.m. Eastern Time on March 20, 2019.

 

[AnotherDayAnotherDollar]

Disney, Fox set March 20 closing for $71B media-asset deal

Walt Disney (DIS) and Twenty-First Century Fox (FOX) have set an anticipated closing of March 20 just after midnight for their transformative $71B...

seekingalpha.com

Disney, Fox set March 20 closing for $71B media-asset deal
Mar. 12, 2019 9:11 AM ET|About: The Walt Disney Company (DIS)|By: Jason Aycock, SA News Editor


Walt Disney (NYSE:DIS) and Twenty-First Century Fox (FOX) have set an anticipated closing of March 20 just after midnight for their transformative $71B media-asset deal.

The companies said they expected Fox to distribute all issued and outstanding common shares of Fox Corp. to the 21CF shareholders at about 8 a.m. ET on March 19 on a pro rata basis, and that the acquisition (in which Disney gets Fox's entertainment assets) would then be effective at 12:02 a.m. ET on March 20.

The deadline for holders of 21CF common stock to elect the form of consideration they wish to receive in the acquisition will be 5 p.m. ET on March 14.

Premarket: DIS +0.1%; FOX +0.1%; FOXA +0.2%.