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Stock Market & Financial Investment News

News Breaks
May 15, 2014
12:48 EDTFOXA, APO21st Century Fox confirms intent to form JV with funds managed by Apollo Global
21st Century Fox (FOXA) confirms its intent to form a joint venture with funds managed by affiliates of Apollo Global Management (APO) comprised of Endemol, Shine Group and CORE Media Group. The parties have entered into a preliminary agreement, subject to a number of conditions, which calls for 21st Century Fox and funds managed by affiliates of Apollo to jointly own and manage the new joint venture. There can be no assurance that the proposed transaction will be completed.
News For FOXA;APO From The Last 14 Days
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September 29, 2014
08:07 EDTFOXA21st Century Fox nominates Prudential plc CEO for election to board of directors
21st Century Fox (FOXA) announced that Tidjane Thiam, Group CEO, Prudential plc (PUK), has been nominated to join the Board of Directors and will stand for election at the company's Annual Meeting of Stockholders on November 12, in Los Angeles, CA.
07:25 EDTFOXA'Equalizer' tops domestic box office with $35M debut, WSJ reports
"The Equalizer," distributed by Sony (SNE), topped the domestic box office with a $35M weekend opening, beating out last week's winner, 21st Century Fox's (FOXA) "The Maze Runner," reported the Wall Street Journal. Reference Link
September 25, 2014
13:31 EDTAPODow starts process for epoxy, chlorine unit sales, seeks one buyer, Reuters says
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September 24, 2014
12:29 EDTFOXA20th Century Fox signs TV deal with Canadian Shomi, The Hollywood Reporter says
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09:05 EDTFOXAOn The Fly: Pre-market Movers
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08:09 EDTAPOApollo Global weakness creates buying opportunity, says Argus
Argus believes that Apollo Global is clicking on all cylinders, and it thinks that analysts are underestimating the outlook for the company's distributions. The firm cut its price target on the name to $35 from $40 but reiterates a Buy rating.
05:57 EDTFOXAStarz hires investment bank to explore sale, WSJ reports
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05:51 EDTFOXAStarz met with 21st Century Fox about takeover, LA Times reports
Starz (STRZA) met with 21st Century Fox (FOXA) on Tuesday to discuss a potential takeover of the cable movie service, Los Angeles Times reports, citing three people familiar with the meeting. No deal may materialize and Fox took the meeting as a courtesy, the paper adds, citing a source. Reference Link
September 23, 2014
11:29 EDTFOXATribune Co. says talks with Fox on Seattle affiliation continue
Tribune Media (TRBAA) and Twenty-First Century Fox (FOXA) have been conducting ongoing discussions regarding Tribune's Fox affiliation in Seattle, KCPQ, Tribune said. "Throughout the course of this dialogue, which is ongoing, a variety of alternatives have been discussed and there is no resolution at this time. Fox has sent to Tribune a notice of termination of the Seattle affiliation agreement effective January 17, 2015. Nonetheless, we are continuing to engage in discussions with Fox and moreover have prepared for all operational and economic possibilities for our Seattle Fox station. We are confident that our remaining thirteen Fox affiliates will remain unaffected based on regulatory and contractual constraints," Tribune reported. KCPQ contributed approximately $13M in EBITDA in FY13 for Tribune.
September 22, 2014
06:44 EDTFOXA'The Maze Runner' leads weekend box office sales with $32.5M, WSJ reports
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September 17, 2014
06:13 EDTFOXASky Deutschland tells investors to reject BSkyB offer
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