Hello There, Guest! (LoginRegister)

Post Reply 
Disney acquisition of Fox assets will be complete on March 20
Author Message
Wedge Offline
Hall of Famer
*

Posts: 19,862
Joined: May 2010
Reputation: 964
I Root For: California
Location: IV, V, VI, IX
Post: #1
Disney acquisition of Fox assets will be complete on March 20
That's a week from tomorrow...

https://variety.com/2019/biz/news/disney...203161135/
Quote:Disney has set March 20 as the closing date for its acquisition of 21st Century Fox.

Disney announced the formal closing process Tuesday morning, indicating that the company has received the last major approval for the deal from regulators in Mexico. Disney said current 21st Century Fox shareholders will have until 5 p.m. ET Thursday to choose the amount of cash and Disney stock to receive in the $71.3 billion transaction.

Disney said it expects the historic union of two of Hollywood’s pioneering studios to “become effective at 12:02 a.m. Eastern time on March 20.” The completion of the Disney-21st Century Fox deal also signals the emergence on March 19 of Fox Corporation, the new entity to emerge from the 21st Century Fox assets that Disney is not buying. Disney is also assuming about $13.8 billion in net debt from 21st Century Fox.

As for the RSNs: Disney has a deal to sell the Yankees' YES Network, and it looks like the other RSNs will either be sold as a package for about $10 billion or be sold in pieces, which would mean the most valuable ones (like the LA RSNs that the Angels' owner wants) will get a decent price while Disney would only get lowball prices for the RSNs that are in smaller markets and/or only have the rights to broadcast less valuable teams.
03-12-2019 01:05 PM
Find all posts by this user Quote this message in a reply
Advertisement


Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2024 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2024 MyBB Group.