Fox wants to sell TV entertainment and film division to Disney?
Not sure about the implications of this on VM.
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Re: Fox wants to sell TV entertainment and film division to Disney?
So Disney would own Sky.
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Re: Fox wants to sell TV entertainment and film division to Disney?
Fox have a 39% stake in Sky, so if Disney currently own 12% or more and this deal goes ahead then Disney would have a controlling stake, so yes.
Incidentally, just to complicate matters, Fox has made a bid for any shares in Sky that it doesn't already own. |
Re: Fox wants to sell TV entertainment and film division to Disney?
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It does say talks aren't on going so nothing may materialise. |
Re: Fox wants to sell TV entertainment and film division to Disney?
Original story here: https://www.cnbc.com/2017/11/06/21st...y-sources.html
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If Fox just focused on news and sport, I could see it merging with News Corp (The Times, The Sun, Talk Sport) and maybe acquiring Sky Sports too. Would Disney sell its stake in Sky to someone like Vodafone? And then Vodafone its German cable assets to LGI? |
Re: Fox wants to sell TV entertainment and film division to Disney?
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If I'm honest after reading into this more I honestly don't understand the logic behind it , call me a cynic but could this be a story put out there by the Murdoch's.
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Re: Fox wants to sell TV entertainment and film division to Disney?
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We don't know whether Murdoch really wants to sell up, or whether this is a backdoor way to expand his empire further by getting into bed with the House of Mouse.
Tigers and mice don't mix very well... |
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I thought Murdoch wanted to buy the rest of SKY? But now he wants to sell it? |
Re: Fox wants to sell TV entertainment and film division to Disney?
It's very mixed signals he's giving out, isn't it?
I don't know for sure, but I think his takeover of Sky will be blocked and of course when we talk about Sky now, it's not just a UK company anymore, but pan-European. If he can't control that, perhaps he thinks its time to throw in the towel. There are other things as well, inheritance being foremast on his mind. He's old and has two sons, the daughter is out of the running. Before all the current fiasco, James was favourite to take over the overall reigns, but now it seems Lachlan is top dog. Other things too like News Corp's largest shareholder after the Murdoch's, a Saudi prince, has sold his entire shareholding. Perhaps he knows something the rest of us don't. Also lots of things going on with American newspapers changing hands and Murdoch must be dying to get in on that "action." But the main reason that Murdoch cites for selling most of his company is one of scale, of course what he really means is domination. Fox is very big today even in the new Netflix/Amazon/Apple world, but where as Murdoch used to be the big fish in the small pond, he now finds himself still a big fish, but in a lake. Media pundits suggest the AT&T/Time Warner merger will go ahead. Comcast already gobbled up NBC Universal. So the consolidation of Hollywood with telcos and other content companies is showing no signs of abating. Don't forget John Malone is at the centre of this too. No doubt the current 6 major Hollywood companies will soon be 3 and Apple will be in a position to buy whatever the hell it wants and throw as much cash as it wants to create the next Game of Thrones or Star Wars like franchise. Murdoch knows this and doesn't wish to be outgunned in what was a little pond he once dominated. |
Re: Fox wants to sell TV entertainment and film division to Disney?
Even Apple has limited funds.
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CNBC are reporting Disney and Fox are closing in on a deal which could be announced as early as next week.
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