twenty-first century fox-a (FOXA) Key Developments
Twenty-First Century Reportedly In Talks To Sell Sky Italia And Sky Deutschland
Jul 21 14
Rosalind Chin of Bloomberg reported that Twenty-First Century Fox, Inc. (NasdaqGS:FOXA) wanted to sell Sky Italia S.r.l. and Sky Deutschland AG (XTRA:SKYD) to British Sky Broadcasting Group plc (LSE:BSY) and is currently in talks over these deals. She also said that they could use this money to bolster the Time Warner bid amount. Both Sky Italia and Sky Deutschland are valued at around $13.5 billion.
British Sky Broadcasting Reportedly Opens Talks To Acquire Sky Deutschland And Sky Italia
Jul 18 14
British Sky Broadcasting Group plc (LSE:BSY) is planning to acquire Rupert Murdoch’s pay-TV assets in Italy and Germany for perhaps as much as €10 billion, reported The Irish Times. British Sky Broadcasting has opened talks with Twenty-First Century Fox, Inc. (NasdaqGS:FOXA) to acquire Sky Deutschland AG (XTRA:SKYD) and Sky Italia S.r.l. One top 10 shareholder in British Sky Broadcasting told Reuters on condition of anonymity, "The asset is too good and the opportunity is too big to ignore it." The shareholder added that they would view the deal positively as long as they could agree reasonable terms. Sources familiar with the deal have told Reuters the talks are progressing well but that there are still many areas they need to find agreement on. British Sky Broadcasting declined to comment on the report.
Race To Acquire Vice Media Reportedly Spurs
Jun 22 14
Twenty-First Century Fox, Inc. (NasdaqGS:FOXA), Time Warner Inc. (NYSE:TWX) and The Walt Disney Company (NYSE:DIS) are in the race to acquire Vice Media, Inc., The New York Times reported citing sources. Any agreement is likely to value Vice Media, Inc. at $1.5 billion to $2.5 billion. People familiar with the negotiations say the talks with Time Warner Inc. have made the most progress. Time Warner Inc. could buy a large, minority stake in Vice, and give Vice Media, Inc. control of the cable channel HLN, or they could operate the network as a joint venture. Twenty-First Century Fox, Inc., Time Warner Inc. and The Walt Disney Company declined to comment.
Twenty-First Century Fox, Inc. Announces Resignation of lvaro Uribe from the Board, Effective June 30, 2014
Jun 9 14
On June 6, 2014, lvaro Uribe notified the Board of Directors of Twenty-First Century Fox, Inc. of his resignation from the Board effective June 30, 2014. Mr. Uribe's resignation from the Board is not due to any disagreement with the company.
Twenty-First Century Conisders Acquisitions
May 28 14
Twenty-First Century Fox, Inc. (NasdaqGS:FOXA) to consider acquisitions. Twenty-First Century likes film and television production business portfolio and James Murdoch, Co Chief Operating Officer said, "We look at those businesses and say, what do we need to invest in to make that work, be that bolt-on acquisitions like DS network, things like that, or just increased in capital investments in production and programming and things like that."