News The Walt Disney Company Board of Directors Extends Robert A. Iger’s Contract as CEO Through 2026

[BrianLo]

They raised the bid by $3.2B. That's a big difference from the $20B that Comcast drove up the price for Disney to purchase 21CF.

This is also incorrect. Sky’s value was bid up 14.75B by a back and forth between Fox, Comcast and Disney. The Fox acquisition was technically 18.9B bid up.

The original Sky agreement was for Fox to acquire the remainder of the shares at £10.75 per share. When all was said and done Comcast had bid up to £17.72; and was buying the whole thing, it wasn’t already sitting on Fox’s portion since it lost the other bidding war.

Unlike the Disney acquisition bidding war over Fox, Dis actually benefited from Comcast’s overpayment. Comcast has also already written down 8.6B, which is technically an admittance of having overpaid. Only the Indian sub arm of the Fox acquisition has yielded an impairment thus far for Dis and that was only 1.5B.

I won’t lie that Brian Robert’s successfully intervened with probably a steal Iger had negotiated. Not probably, I know it was worth more than 52.4B since they’ve divested 35+ and Hulu is worth at least 8.9… but Roberts was the far bigger loser in the matter thus far…

 

[Nevermore525]

More significantly- they are delivering on the promised turnarounds - like reduced d+ spending and the return of the dividend. I assume the d+ margin is on track too (didn’t see news yet)

Yeah the content spend for D+ is much better with what their current revenue is. They still have high SG&A costs for streaming.

 

[monothingie]

This is also incorrect. Sky’s value was bid up 14.75B by a back and forth between Fox, Comcast and Disney. The original agreement was for Fox to acquire the remainder of the shares at £10.75 per share. When all was said and done Comcast had bid up to £17.72; and was buying the whole thing, it wasn’t already sitting on Fox’s portion since it lost the other bidding war.

You're incorrectly assuming that the Fox/Disney was not serious about pursuing the remainder of Sky.

"Another source told CNBC that Comcast executives thought there was a decent chance Fox was simply bluffing and didn’t actually want Sky at all. But bidding £15.67 per share suggested Disney did, in fact, want Sky. Otherwise it would have bid much lower in Round 3, the source said."

Fox/Disney wanted Sky. Yes they raised the price, but that's what a bidding war does.

Unlike the Disney acquisition bidding war over Fox, Dis actually benefited from Comcast’s overpayment. Comcast has also already written down 8.6B, which is technically an admittance of having overpaid. Only the Indian sub arm of the Fox acquisition has yielded an impairment thus far for Dis and that was only 1.5B.

I won’t lie that Brian Robert’s successfully intervened with probably a steal Iger had negotiated. Not probably, I know it was worth more than 54B since they’ve divested 35+ and Hulu is worth at least 8.9… but Roberts was the far bigger loser in the matter thus far…

Hindsight and such makes it very easy to look back and tell people what they should have done almost a decade earlier.

 

[Lilofan]

Allegedly this money is earmarked for the futbol club he and Willow bought.

Not too shabby Iger and his wife bought the Angel soccer team for $250M.

 

[BrianLo]

You're incorrectly assuming that the Fox/Disney was not serious about pursuing the remainder of Sky.

Not at all. Comcast wanted Fox and Disney wanted Sky. They both lost something, but Roberts only got the stinker and Dis was bid up unnecessarily.

The only one who truly came out on top was Murdoch.

Unless I’m misunderstanding you and you think Comcast didn’t want Fox?