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Stock Market & Financial Investment News

News Breaks
January 24, 2014
17:42 EDTFOX, FOXA21st Century Fox acquires majority stake in YES Network
21st Century Fox announced an agreement to acquire a majority stake in the Yankees Entertainment and Sports Network, YES Network, raising its ownership position in the regional sports network to 80% from the current 49% it acquired in 2012. The remaining 20% stake will continue to be held by Yankee Global Enterprises. The YES Network delivers exclusive live local television coverage of New York Yankees baseball and Brooklyn Nets basketball, as well as other Emmy Award-winning local and national sports programming. The acquisition is expected to close by the end of the first calendar quarter, subject to regulatory and other requisite approvals. As a result of the acquisition, the YES Network will become a consolidated entity of 21st Century Fox.
News For FOX;FOXA From The Last 14 Days
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July 16, 2014
08:16 EDTFOXA, FOX21st Century Fox says not currently in discussions with Time Warner
08:15 EDTFOXA, FOX21st Century Fox says Time Warner board declined to pursue proposal
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08:14 EDTFOX, FOXA21st Century Fox confirms proposal to combine with Time Warner
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08:14 EDTFOX, FOXA21st Century Fox confirms proposal to combine with Time Warner
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08:07 EDTFOXAFox willing to pay over $85/share for Time Warner, Bloomberg reports
Rupert Murdoch's 21st Century Fox is willing to pay more than $85 per share for Time Warner (TWX), Bloomberg reports, citing a person with knowledge of the matter. Shares of Time Warner are trading up 20% in pre-open trading to $85.10 after Andrew Ross Sorkin reported that the company formally rejected an $80B, $85 per share takeover bid from Fox. Shares of Fox are trading up 56c to $35.75. Reference Link
07:43 EDTFOXADiscovery volatility expected to move on Time Warner rejecting 21st Century Fox
Discovery (DISCA) volatility expected to move after Time Warner (TWX) rejected an $80B offer from 21st Century Fox, (FOXA). Overall option implied volatility of 25 is near its 26-week average of according to Track Data, suggesting non-directional price movement. Discovery is expected to release of Q2 results on July 31.
07:30 EDTFOXATime Warner turned down $80B offer from 21st Century Fox, NYT says
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07:25 EDTFOXA21st Century Fox volatility expected to move on Time Warner rejecting $80B offer
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07:23 EDTFOXATime Warner volatility expected to move,rejects $80B offer from 21st Century Fox
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07:12 EDTFOXATime Warner rejected $80B offer from 21st Century Fox, CNBC reports
Time Warner (TWX) has formally rejected an $80B takeover offer from Rupert Murdoch's 21st Century Fox (FOXA), CNBC's Andrew Ross Sorkin reports, citing sources. The deal valued Time Warner at $85 per share and included 60% non-voting stock and 40% cash, Sorkin added. Fox would raise $24B in financing for the deal, he noted. Fox also planned on spinning off its CNN unit in an attempt to appease regulators, the reporter said. Rupert Murdoch remains "determined" to buy Time Warner, Sorkin noted, believing a combination would generate at least $1B in synergies. Time Warner has hired Citigroup and others following receipt of 21st Century Fox's offer, Sorkin added. Shares of Time Warner rallied 13% to $79.97 in pre-open trading following Sorkin's report. The stock closed yesterday down 67c to $71.01.
07:06 EDTFOXATime Warner rejected $80B offer from 21st Century Fox, CNBC reports
07:04 EDTFOXARupert Murdoch 'determined' to own Time Warner, CNBC reports
07:04 EDTFOXATime Warner hired Citigroup, others after 21st Century Fox offer, CNBC says
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07:02 EDTFOXATime Warner rejected $85/share offer from 21st Century Fox, CNBC says
05:58 EDTFOXCBS CEO says 'willing to talk' to Aereo, VentureBeat reports
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July 14, 2014
16:57 EDTFOX, FOXACourt of Appeals reaffirms rejection of Fox's claims against DISH's Hopper
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16:44 EDTFOXAFox Broadcasting loses bid to halt 'Dish Anywhere,' Hollywood Reporter says
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11:14 EDTFOXA21st Century Fox unites FBC, and Fox Television in new unit
21st Century Fox announced that Dana Walden and Gary Newman will oversee a new business unit within Fox Networks Group, Fox Television Group, which will combine Fox Broadcasting Company, FBC, and 20th Century Fox Television, TCFTV. The announcement was made by Peter Rice, Chairman of Fox Networks Group, to whom both Mr. Newman and Ms. Walden will now report. Their respective appointments are effective later this month. In their new roles as Chairmen and CEOs of Fox Television Group, Mr. Newman and Ms. Walden will be responsible for all facets of the FOX broadcast network, including programming, digital, marketing and other functions. The new roles also call for the duo to continue oversight of 20th Century Fox Television, which they have led for the past 15 years. 20th Century Fox Television is comprised of the parent studio, cable production arms Fox 21 and Fox Television Studios, the licensing division Fox Consumer Products and the syndication division Twentieth Television. While both companies will be housed within Fox Television Group, FBC and TCFTV will continue to operate as independent entities, but will share financial and creative goals, and be led jointly by Ms. Walden and Mr. Newman.
08:05 EDTFOXABona Film chairman to acquire 21st Century Fox stake in Bona Film for $71.4M
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06:42 EDTFOX, FOXA'Dawn of the Planet of the Apes' leads box office with $73M opening, WSJ says
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