WASHINGTON — The Justice Department’s approval of The Walt Disney Co.’s purchase of Fox assets is quicker than Wall Street analysts and others were expecting — and it certainly has implications as Comcast weighs whether to counter its counter offer. UBS’s Media and Pay TV analysts called it a “FastPass approval,” while MoffettNathanson wrote that “it seems to us that the pressure is now back on Comcast to come in with a more significant bid ...
With Fox and Disney announcing their anticipated multi-billion dollar mega-merger on Thursday, the movie industry is poised to experience the impact of consolidation and potential ripples to the companies' employees, projects and talent. It would behoove the studios to consider the music business as a cautionary tale, albeit one that straddles the pre-crash years and the post-2008 new world order.
It's been a busy year for mergers and acquisitions in the IT industry, with a number of billion-dollar deals that did happen, or may yet do so. There's been action in cloud services, storage, microprocessors and transport. Here's our round-up of some of the biggest deals that matter to CIOs.
President Trump reportedly congratulated Rupert Murdoch personally after the deal for Disney to acquire numerous Fox movie and television assets was announced; according to White House Press Secretary Sarah Sanders, Trump said that "this could be a great thing for jobs."
Who runs the film studio? Who gets the keys to the TV kingdom? And will a Murdoch be in line for Bob Iger's throne? There are more questions than answers as the possibility of Disney acquiring the 20th Century Fox studio and other significant assets from 21st Century Fox appears to be gaining steam.
Walt Disney Co. plans to buy much of the media assets of Rupert Murdoch's 21st Century Fox. If approved by regulators, the deal would create an entertainment powerhouse and transform the Hollywood landscape. Here is a breakdown of what Disney would acquire.
Quick Take Internet hosting services provider Wix.com (NASDAQ: WIX) has acquired creative community website DeviantArt for $36 million in cash and assumed liabilities. DeviantArt is considered to be the largest online artist community and represents an expansion of Wix's core focus into bringing its technological efficiencies and marketing capabilities to online communities.