Top Story

e4m_logo.png

Home >> Media - TV >> Article

Disney to value 21st CF at $75 billion: Reuters

14-December-2017
Font Size   16
Share
Disney to value 21st CF at $75 billion: Reuters

Walt Disney Co’s deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc will value the latter at $75 billion, a person familiar with the matter said while speaking to certain sections of media.
The deal is set to be announced soon.
Under the terms of the all-stock deal, Fox assets that will be sold to Disney, including the Twentieth Century Fox movie and TV studio, cable networks and international operations will be valued at around $29 per share, the source said on Wednesday, according to media reports.
Fox’s remaining assets, focused on news and sports, will be offered to existing Fox shareholders in a new company likely to be valued at more than $11 per share, according to the source, who asked not to be identified ahead of an official announcement, while speaking to certain sections of media.
Media reports further say that none of the Murdochs are expected to be given board seats at Disney, according to the sources.
Disney also will buy Fox’s stake in the Hulu video streaming service, giving it majority control of the competitor to Netflix Inc. Hulu also is partially owned by Comcast Corp and Time Warner Inc.

Under the deal, Disney will gain access to 46 million subscribers in three major markets, the United States, Western Europe and India, according to Barclays analysts.

According to the Reuters report, it also diversifies Disney’s revenue as U.S. cable television subscribers decline. Fox’s Star business in India, for example, is projected to earn $1 billion before interest, taxes, depreciation and amortization by 2020, Fox Executive Chairman Lachlan Murdoch said at a Business Insider conference in November.


Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Software and Technology, Consulting, Healthcare seem to be increasingly using Webinars to engage with their clients and employees

Chandy indulges in his love for reading and learning something new over the weekends

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Industry analysts expect the infusion of foreign capital to drive not only the retail market but also the advertising industry as a result.

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Inform...