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Twenty-First Century Fox Inc (FOXA.OQ)

FOXA.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Disney Says Will Pay 21CF $2.5 bln If Failed to Obtain Regulatory Approvals
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Walt Disney Co ::IF DEAL TERMINATED BY CO DUE TO 21CF BOARD CHANGING RECOMMENDATION OF MERGER BEFORE 21CF STOCKHOLDER APPROVAL, 21CF TO PAY CO $1.525 BILLION.SAYS CO WILL PAY 21CF $2.5 BILLION IF COMPANIES FAIL TO OBTAIN REGULATORY APPROVALS - SEC FILING.DISNEY ENTERED INTO VOTING AGREEMENT WITH MURDOCH FAMILY TRUST, CRUDEN FINANCIAL SERVICES LLC.SAYS EFFECTIVE JAN 1, CEO ROBERT A. IGER'S BASE SALARY WILL INCREASE TO $3.0 MILLION.EFFECTIVE AS OF DEAL CLOSING DATE, ROBERT IGER'S ANNUAL BASE SALARY WILL INCREASE BY AN ADDITIONAL $500,000.SAYS IGER'S TARGET ANNUAL INCENTIVE OPPORTUNITY TO INCREASE TO $20 MILLION.ON EXECUTION OF AMENDED AND RESTATED EMPLOYMENT AGREEMENT,IGER WAS GRANTED RESTRICTED STOCK UNITS OF 245,098 SHARES OF CO'S COMMON STOCK.SAYS IGER'S ANNUAL TARGET-LONG-TERM INCENTIVE AWARD VALUE TO INCREASE TO $25 MILLION.  Full Article

Sky Plc Sees Fox Deal To Close By June 30, 2018​
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Sky Plc ::RESPONSE TO ANNOUNCEMENT MADE BY 21CF AND DISNEY​.‍SKY NOTES TODAY'S ANNOUNCEMENT BY 21CF AND DISNEY REGARDING DISNEY'S AGREEMENT TO ACQUIRE 21CF​.‍ANTICIPATED THAT 21ST CENTURY FOX WILL SEEK TO COMPLETE ITS PLANNED ACQUISITION OF 61% OF SKY IT DOESN'T ALREADY OWN​.REMAINS IN AN OFFER PERIOD AND, TOGETHER WITH 21CF, IS BOUND BY ITS OFFER ANNOUNCEMENT.NOTES THAT 21CF'S CURRENT OFFER IS NOT CONDITIONAL ON COMPLETION OF DISNEY TRANSACTION.‍ANTICIPATES THAT, SUBJECT TO NECESSARY REGULATORY CONSENTS, FOX TRANSACTION WILL CLOSE BY JUNE 30, 2018​.  Full Article

UK's Takeover Panel Says Disney Deal Does Not Alter Fox's Obligations For Sky Offer
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - UK's Takeover Panel:UK'S TAKEOVER PANEL - DISNEY INFORMED EXECUTIVE IT DOES NOT BELIEVE COMPLETION OF ACQUISITION SHOULD TRIGGER MANDATORY BID OBLIGATION UPON DISNEY (CORRECTS SOURCE).UK'S TAKEOVER PANEL - DISNEY-FOX DEAL ‍ANNOUNCEMENT DOES NOT ALTER 21ST CENTURY FOX'S OBLIGATIONS UNDER TAKEOVER CODE.UK'S TAKEOVER PANEL- EXECUTIVE WILL SEEK VIEWS OF INDEPENDENT DIRECTORS OF SKY BEFORE REACHING A DETERMINATION ON THIS ISSUE.  Full Article

21St Century Fox To Spin Off Businesses And Create New “Fox”
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Walt Disney Co ::21ST CENTURY FOX TO SPIN OFF BUSINESSES AND CREATE NEW “FOX”; A GROWTH COMPANY CENTERED ON LIVE NEWS AND SPORTS BRANDS AND THE ICONIC FOX BRAND.TWENTY-FIRST CENTURY FOX - SPIN-OFF WILL BE TAXABLE TO 21ST CENTURY FOX, BUT NOT TO ITS SHAREHOLDERS.TWENTY-FIRST CENTURY FOX INC - PRIOR TO COMPLETION OF SPIN-OFF, NEW FOX WILL PAY AN $8.5 BILLION CASH DIVIDEND TO 21ST CENTURY FOX.TWENTY-FIRST CENTURY FOX - NEW FOX WOULD MAINTAIN TWO CLASSES OF COMMON STOCK: CLASS A COMMON AND CLASS B COMMON VOTING SHARES.TWENTY-FIRST CENTURY FOX - ON SPIN-OFF CLOSING, CO'S SHAREHOLDERS WOULD RECEIVE ONE SHARE OF STOCK IN NEW FOX FOR EACH SAME CLASS OF CO'S SHARE HELD.TWENTY-FIRST CENTURY FOX - GOLDMAN SACHS IS LEAD FINANCIAL ADVISOR TO CO AND PROVIDED A BRIDGE LOAN COMMITMENT OF UP TO $9 BILLION TO NEW FOX.TWENTY-FIRST CENTURY FOX INC - CENTERVIEW PARTNERS AND DEUTSCHE BANK ARE ALSO ACTING AS FINANCIAL ADVISORS TO COMPANY.TWENTY-FIRST CENTURY FOX - NEW FOX TO GET STEP-UP IN ITS TAX BASIS COMMENSURATE WITH CORPORATE TAX RELATING TO SPIN-OFF.TWENTY-FIRST CENTURY FOX - DEAL WITH DISNEY VALUES MERGED 21ST CENTURY FOX BUSINESS AT $28/SHARE USING REFERENCE DISNEY SHARE PRICE OF $102.TWENTY-FIRST CENTURY FOX - DEAL WITH DISNEY VALUES MERGED 21ST CENTURY FOX BUSINESS AT NEARLY $30/SHARE BASED ON DISNEY'S DEC. 13 CLOSING PRICE.TWENTY-FIRST CENTURY FOX - NEW "FOX" WILL ALSO INCLUDE COMPANY'S STUDIO LOT IN LOS ANGELES AND EQUITY INVESTMENT IN ROKU.  Full Article

The Walt Disney Co To Acquire Twenty-First Century Fox For $52.4 Billion In Stock
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Walt Disney Co ::THE WALT DISNEY COMPANY TO ACQUIRE TWENTY-FIRST CENTURY FOX, INC., AFTER SPINOFF OF CERTAIN BUSINESSES, FOR $52.4 BILLION IN STOCK.WALT DISNEY CO - SHAREHOLDERS OF 21ST CENTURY FOX WILL RECEIVE 0.2745 DISNEY SHARES FOR EACH 21ST CENTURY FOX SHARE THEY HOLD.WALT DISNEY CO - DISNEY WILL ALSO ASSUME APPROXIMATELY $13.7 BILLION OF NET DEBT OF 21ST CENTURY FOX.WALT DISNEY - 21ST CENTURY FOX TO SPIN OFF FOX BROADCASTING NETWORK AND STATIONS, FOX NEWS, FOX BUSINESS, FS1, FS2 AND BIG TEN NETWORK TO ITS SHAREHOLDERS.WALT DISNEY CO - TOTAL TRANSACTION VALUE OF DEAL IS APPROXIMATELY $66.1 BILLION.WALT DISNEY CO - TRANSACTION TO INCLUDE 21ST CENTURY FOX'S FILM AND TELEVISION STUDIOS, CABLE ENTERTAINMENT NETWORKS AND INTERNATIONAL TV BUSINESSES.WALT DISNEY CO - BOB IGER AGREED TO CONTINUE AS CHAIRMAN AND CEO OF WALT DISNEY COMPANY THROUGH END OF CALENDAR YEAR 2021.WALT DISNEY CO - ACQUISITION IS EXPECTED TO YIELD AT LEAST $2 BILLION IN COST SAVINGS FROM EFFICIENCIES REALIZED THROUGH COMBINATION OF BUSINESSES.WALT DISNEY CO - DEAL EXPECTED TO BE ACCRETIVE TO EARNINGS BEFORE IMPACT OF PURCHASE ACCOUNTING FOR SECOND FISCAL YEAR AFTER CLOSE OF DEAL.WALT DISNEY CO - 21ST CENTURY FOX REMAINS FULLY COMMITTED TO COMPLETING CURRENT SKY PLC OFFER.WALT DISNEY - ASSUMING FOX COMPLETES SKY DEAL BEFORE CLOSING DEAL WITH DISNEY, CO WOULD ASSUME OWNERSHIP OF SKY.WALT DISNEY CO - BOARDS OF DISNEY AND 21ST CENTURY FOX HAVE APPROVED TRANSACTION.  Full Article

Fox shareholders would own 25 pct of the new Disney - CNBC
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - :FOXA SHAREHOLDERS WOULD OWN 25 PERCENT OF THE NEW DISNEY; NO MANAGEMENT ANNOUNCEMENTS EXPECTED WHEN DEAL IS UNVEILED - CNBC, CITING SOURCES.  Full Article

VR Startup Dreamscape Immersive Raises Series B Financing Round To $30 Mln
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Amc Entertainment Holdings Inc ::VR STARTUP DREAMSCAPE IMMERSIVE - RAISED SERIES B FINANCING ROUND TO $30 MILLION WITH COMMITMENTS FROM NICKELODEON, IMAGE NATION ABU DHABI.DREAMSCAPE IMMERSIVE - SERIES A INVESTORS INCLUDING 21ST CENTURY FOX, WARNER BROS. WERE ALSO PART OF SERIES B ROUND.  Full Article

Fox, Disney On 'glide path' for Thursday deal announcement - CNBC
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - :FOX, DISNEY ON 'GLIDE PATH' FOR THURSDAY DEAL ANNOUNCEMENT - CNBC CITING SOURCES.21ST CENTURY FOX, WALT DISNEY TO MAKE ALL-STOCK DEAL; SPIN CO. SAID TO BE WORTH ABOUT $10 PER FOX SHARE - CNBC CITING SOURCES.  Full Article

Twenty-First Century Fox continues to view Disney as superior bid - CNBC
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - :COMCAST CONTINUES TO PURSUE FOX ASSETS - CNBC, CITING SOURCES.FOX CONTINUES TO VIEW DISNEY AS SUPERIOR BID - CNBC, CITING SOURCES.  Full Article

Imax And Twentieth Century Fox Extend Partnership With Global Slate Deal Through 2019
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Imax China Holding Inc <1970.HK>::IMAX® AND TWENTIETH CENTURY FOX FILM EXTEND PARTNERSHIP WITH GLOBAL SLATE DEAL THROUGH 2019.IMAX - CO, 21ST CENTURY FOX FILM SIGNED NEW MULTI-PICTURE AGREEMENT BEGINNING THIS YEAR & EXTENDING THROUGH 2019.IMAX - CO, 21ST CENTURY FOX FILM SIGNED NEW MULTI-PICTURE AGREEMENT FOR 5 "KEY FUTURE TENTPOLES FROM FOX SLATE".  Full Article

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Disney buying Fox film, TV units for $52 billion in digital push

Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion in stock, giving the world's largest entertainment company an arsenal of shows and movies to combat growing digital rivals Netflix Inc and Amazon.com Inc . | Video