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Stock Market & Financial Investment News

News Breaks
May 12, 2014
06:03 EDTFOX, BSYBYBSkyB confirms talks to buy Fox's stakes in Sky Deutschland, Sky Italia
British Sky Broadcasting (BSYBY) notes speculation about a potential acquisition of 21st Century Fox's (FOX) interests in Sky Deutschland and Sky Italia. The company said, "BSkyB has a clear set of plans to grow its business in the UK and Ireland, is executing these well and expects to continue to achieve excellent growth and returns for shareholders. At the same time, the Company continuously explores ways to create further value for shareholders. These discussions have not progressed beyond a preliminary stage, no agreement has been reached on terms, value or transaction structure and there is no certainty that a transaction will occur."
News For FOX;BSYBY From The Last 14 Days
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July 30, 2014
07:48 EDTFOXEx-Time Warner CEO says Fox bid inadequate, Bloomberg says
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July 27, 2014
20:43 EDTFOXFox may be willing to give board seats to Time Warner, Bloomberg says
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July 25, 2014
09:25 EDTFOXOn The Fly: Pre-market Movers
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06:59 EDTFOXTime Warner challenges Murdoch to make offer he can't afford, Bloomberg says
Time Warner's (TWX) board of directors is challenging 21st Century Fox (FOX, FOXA) CEO Rupert Murdoch to propose a bid for the firm that he can't pay by saying its own growth strategy is "superior" to any offers that Fox is in a position to make, according to Bloomberg, citing people familiar with the matter. The sources said that Time Warner's language is purposeful since it feels Murdoch would not be in a position to finance an agreement that exceeded $100 per share. Reference Link
06:14 EDTBSYBY, FOXBSkyB to buy Sky Italia, 57.4% stake in Sky Deutschland from 21st Century Fox
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06:05 EDTFOXFox promises to continue share buyback program
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05:39 EDTFOX21st Century Fox to combine EU satellite television holdings, will receive $9.3B
21st Century Fox (FOXA, FOX) announced that it will transfer Sky Italia and its 57.4% interest in Sky Deutschland to BSkyB to create a pan-European digital television leader through the combination of these assets. In exchange for the transfer, 21st Century Fox will receive approximately $9.3B in value from BSkyB comprised of approximately $8.6B in cash and BSkyBís 21% interest in National Geographic Channels International, raising 21st Century Foxís ownership stake to 73%. In addition, 21st Century Fox will participate in BSkyBís announced equity offering by purchasing approximately $900M of additional shares in BSkyB to maintain the Companyís 39.1% ownership interest. The net, after-tax cash proceeds to be received by 21st Century Fox upon completion of all the elements of this transaction will approximate $7.2B. The agreement is subject to regulatory approvals, the approval of BSkyB stockholders and customary closing conditions.
05:37 EDTFOX21st Century Fox to combine EU satellite television holdings, will receive $9.3B
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July 24, 2014
07:30 EDTFOXTime Warner considering listing HBO, NY Post reports
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06:59 EDTBSYBY, FOXBSkyB poised to announce deal to buy Sky Italia, Sky Deutschland, FT reports
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06:46 EDTFOXFox COO pushed to keep role amid Time Warner deal, Reuters says
Twenty-First Century Fox (FOX, FOXA) president and COO Chase Carey could be up against pressure from both CEO Rupert Murdoch and from Time Warner (TWX) to maintain his role for several more years as Murdoch aims to purchase Time Warner, according to Reuters, citing one person familiar with the matter. Reference Link
July 23, 2014
06:42 EDTFOXFox unlikely to raise offer for Time Warner beyond $95 per share, WSJ says
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July 21, 2014
07:28 EDTFOXFox chairman says laws hinder Tribune acquisition
21st Century Fox (FOX, FOXA) chairman Rupert Murdoch posted on his Twitter account that he cannot make a play for Tribune (TRBAA) due to 'cross-ownership laws from another age still in place." Reference Link
07:13 EDTFOX, BSYBYFox contemplates using Sky sale to enhance Time Warner offer, Reuters says
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06:58 EDTBSYBYBskyB could buy Murdoch's Sky Italia, Sky Deutschland, Sunday Times says
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06:57 EDTFOXTime Warner-Fox agreement would add weight in China, Reuters says
Twenty-First Century Fox (FOX, FOXA) chairman Rupert Murdoch's target to purchase Time Warner (TWX) would give the firm a greater say in China, a quick-growing market that media firms are finding difficult to break into, reported Reuters. Even though Time Warner's board denied Murdoch's $80B bid, the chairman is expected to continue pursuing the company. Reference Link
06:29 EDTBSYBYBSkyB acquires 70% stake in Love Productions
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July 18, 2014
13:02 EDTFOXGoldman, JPMorgan ready with $25B bridge loan for Time Warner takeover by Fox
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07:05 EDTFOXCBS CEO says will examine CNN if Time Warner puts up for sale, Reuters says
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06:53 EDTFOXBSkyB aims for European expansion with Fox German, Italian units, Reuters says
In an effort to try to expand in Europe, BSkyB has started discussions with Rupert Murdoch's 21st Century Fox to purchase Sky Deutschland and Sky Italia, according to Reuters, citing comments from one top-ten shareholder in BSkyB. The move would create a European powerhouse with 20M subscribers. Reference Link

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