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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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September 17, 2014
09:04 EDTFOXAmericas Media ad growth estimates lowered at Nomura
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06:13 EDTFOXA, FOXSky Deutschland tells investors to reject BSkyB offer
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September 12, 2014
11:13 EDTFOX, FOXALiberty Global says no 'big' transactions on horizon
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06:56 EDTFOX, FOXAEU approves BSkyB $9B pay-TV agreements in Germany, Italy, Reuters says
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September 11, 2014
11:10 EDTFOX, FOXAFox COO Carey says company has 'moved on' from Time Warner, THR reports
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06:17 EDTFOX, FOXATime Warner not planning HBO IPO, comments on Fox, NY Post reports
Time Warner (TWX) CEO Jeff Bewkes told the Goldman Sachs Communacopia conference that the company is not planning an IPO or tracking stock for HBO, the New York Post reports. Bewkes also commented that the company took 21st Century Fox's (FOXA) takeover offer "very seriously," but it was determined that the integration process would be such a "large undertaking" that shareholders of both companies "would be exposed to incredible and unnecessary risks." Reference Link
September 10, 2014
07:36 EDTFOXAFox loses round in fight with TVEyes, Hollywood Reporter says
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September 9, 2014
07:28 EDTFOXA, FOXFOX pursues reality TV joint venture agreement, Hollywood Reporter says
21st Century Fox (FOX, FOXA) president and COO Chase Carey said that the company doesn't want to pursue Time Warner (TWX) again or look for another large deal, but the firm is aiming to finalize an agreement to create a reality television joint venture agreement comprised of Shine Group, Endemol and Core Media in the future, according to Hollywood Reporter, citing comments from Carey. Reference Link

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