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As I said yesterday, Disney buying Fox could be the next multi-billion-dollar deal.......and today it's looking more likely.
Fox favors Disney as buyer for studio, media assets
Murdochs see better strategic fit, fewer regulatory hurdles; Fox is also said to still be in active talks with Comcast.
https://www.bloomberg.com/news/artic...o-media-assets
Today that Disney-Fox deal is looking even more likely.
Disney and Fox are closing in on deal, could be announced next week
Talks have progressed and a deal could be announced as early as next week, sources tell CNBC. The enterprise value of the Fox assets in the deal is seen as more than $60 billion. Fox would sell movie and television production assets and keep its news, sports and broadcast network.
https://www.cnbc.com/2017/12/05/disn...--sources.html
Another day, another multi-billion-dollar deal:
UK's Cineworld agrees to buy US theater operator Regal for $3.6 billion
http://www.msn.com/en-us/money/compa...D=ansmsnnews11x
Is James Murdoch angling for a top job at Disney?
A sale of Fox assets to the entertainment giant could position him to succeed CEO Robert Iger.
http://www.latimes.com/business/holl...205-story.html
Hey, Toys Я Us executives -- you just drove your company into bankruptcy. What are you going to do now? "We're going to get $16,000,000 in bonuses! Maybe."
Bankrupt Toys Я Us wins OK to pay $16 million in executive bonuses
http://money.cnn.com/2017/12/06/news...ses/index.html
In the past four days, six huge wildfires in southern California have burned more than 152,000 acres and destroyed more than 500 homes and buildings. If downed power lines and exploding transformers are found to be factors in the fires, utility companies could be held liable. Investors are reacting:
Edison's 11% stock price drop pegged to southern California's wildfires
http://www.latimes.com/business/la-f...207-story.html
A deal -- valued at $74 billion -- could be reached before Christmas.
Disney, Fox huddle with bankers as deal talks progress
http://variety.com/2017/biz/news/dis...rs-1202634210/
I'm starting to think we should have a new thread just for all the multi-billion-dollar business deals. Here is the latest:
French real estate firm buys shopping mall giant Westfield in $16 billion dollar deal
http://www.latimes.com/business/la-f...212-story.html
This is an all-stock transaction and it's pending approval by anti-trust regulators:
Disney reaches a $52.4 billion deal to buy bost most of the assets of 21st Century Fox
https://www.nytimes.com/2017/12/14/b...-fox-deal.html
I think when they say "don't worry about job cuts," that's the time to start worrying about job cuts.
Disney chief Bob Iger, Murdochs reassure employees, tout historic deal
http://variety.com/2017/film/news/di...mo-1202641583/