Rteetz
Well-Known Member
If this bid happens I hope Disney lets Comcast have it.
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News Disney and Fox come to terms -- announcement soon; huge IP acquisition
- Thread starter ohioguy
- Start date
If this bid happens I hope Disney lets Comcast have it.
Chevy Chase said it best:
Or... https://thumbs.gfycat.com/DisfiguredUntimelyCollie-size_restricted.gif
Rodan75
Well-Known Member
So Fox is going to go for about the same price as TW when all is said and done. That doesn't actually feel as gross as I originally thought.
Now that Disney has updated their offer to Stock or Cash, and they already have an agreement, Disney should win this, they always get the opportunity to counter and match. So Comcast's only move is to keep raising the cash on Disney...to increase Disney's price. But at what point does it become unbelievable for Comcast to go that far, given that they already have far more debt than Disney.
Now that Disney has updated their offer to Stock or Cash, and they already have an agreement, Disney should win this, they always get the opportunity to counter and match. So Comcast's only move is to keep raising the cash on Disney...to increase Disney's price. But at what point does it become unbelievable for Comcast to go that far, given that they already have far more debt than Disney.
happycamperuni
Active Member
I don't think Iger's walking away easily from this. That $72 billion bid feels like Disney's opening shot.
But yeah at $80 billion, we're starting to talk about ridiculous sums of money.
But yeah at $80 billion, we're starting to talk about ridiculous sums of money.
Princess Leia
Well-Known Member
I can't find anything about the $80B yet, so I think it's still rumored. I'll keep checking though.
happycamperuni
Active Member
The international assets are the most important aspect of this deal; not the tv/movie studio.
Indy_UK
Well-Known Member
I may be wrong but the benefit that Disney would have is that under what they are offering, Fox are still going to pursue and purchase the remaining 61% of SKY themselves which will then just revert 100% of SKY to Disney. Unlike Comcast who needs to buy out the remainder themselves
So while Disneys Bid is currently $71 billion. If Comcast do come back with $80 billion then that's actually $110-$115 billion with Sky included
So while Disneys Bid is currently $71 billion. If Comcast do come back with $80 billion then that's actually $110-$115 billion with Sky included
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AnotherDayAnotherDollar
Well-Known Member
Winner may have to pay $50/share and we are talking about 90B+ before Fox's debt and everything else. Murdochs are making out like bandits regardless and the winner is overpaying for these assets.
I believe the recent CMCSA spike is because of this:
https://www.bloomberg.com/news/arti...o-near-u-s-approval-on-fox-in-blow-to-comcast
Investors do not want companies to go crazy here and these CEOs have enormous egos.
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happycamperuni
Active Member
https://www.bloomberg.com/news/arti...rce=twitter&cmpid=socialflow-twitter-business
This is an interesting wrinkle here. Might make it a bit easier for Disney, but after the AT&T-TW decision, I think Murdoch's will just go with the higher offer.
This is an interesting wrinkle here. Might make it a bit easier for Disney, but after the AT&T-TW decision, I think Murdoch's will just go with the higher offer.
Stripes
Premium Member
Just listening to the conference call Christine McCarthy, Disney's CFO stated: "The increase in leverage doesn't change our investment plans for other parts of our business. We'll continue to invest in areas where we feel we can drive attractive returns on invested capital. Our parks and resorts business and direct-to-consumer initiative are two examples."
What's the truth?!
gmajew
Premium Member
Disney it not going to back down on this deal if the price raises... They knew this was going to happen and maybe they are just jacking price up to get it higher on comcast.... Or they are going to spin Sky to comcast.... Disney is going to end up with part of the rights to fox....
gmajew
Premium Member
The truth is people jump to conclusion to fast.... if they cut stuff at parks.... theater ... they are doing it anyways...
AnotherDayAnotherDollar
Well-Known Member
My post is still waiting to be approved by a moderator, one of the most annoying things on this site.
Some analysts expect the winner to pay $50 a share for Fox.
Winner may have to pay $50/share and we are talking about 90B+ before Fox's debt and everything else. Murdochs are making out like bandits regardless and the winner is overpaying for these assets.
DOJ is also reportedly close to approving Disney's takeover of Fox. Could come in the next 2 weeks.
Some analysts expect the winner to pay $50 a share for Fox.
Winner may have to pay $50/share and we are talking about 90B+ before Fox's debt and everything else. Murdochs are making out like bandits regardless and the winner is overpaying for these assets.
DOJ is also reportedly close to approving Disney's takeover of Fox. Could come in the next 2 weeks.
Stripes
Premium Member
Yeah, it's just Comcast sources leaking plans. Btw, at $41/share the bid isn't valued at $80 billion. It'd be roughly $76.67 billion. Easy way to calculate is to multiply the share bid by 1.87 (number of outstanding Fox shares).
That bid, assuming they go through with it, is more conservative than I would have expected. I do think the first party to break the $80 billion barrier will get the assets.
PizzaPlanet
Well-Known Member
Absolute stupidity. Especially if there is truth to attendance being down.
