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Sirius XM Says Evaluating Rates And Terms Announced By CRB

Friday, 15 Dec 2017

Dec 15 (Reuters) - Sirius XM Holdings Inc ::SIRIUS XM HOLDINGS SAYS ON DEC 14, CRB OF LIBRARY OF CONGRESS ISSUED ITS DETERMINATION REGARDING ROYALTY RATE PAYABLE BY CO UNDER STATUTORY LICENSE.SIRIUS XM SAYS UNDER TERMS OF CRB'S DECISION, CO ARE REQUIRED TO PAY ROYALTY OF 15.5% OF GROSS REVENUES FOR 5 YEAR PERIOD - SEC FILING.SIRIUS XM SAYS ANTICIPATE THAT DECISION WILL RESULT IN INCREASE IN CO'S ROYALTY EXPENSE ON ANNUAL BASIS BEGINNING IN 2018.SIRIUS XM HOLDINGS INC - DETERMINATION REGARDING ROYALTY RATE PAYABLE BY CO COVERING PERFORMANCE OF SOUND RECORDINGS OVER SATELLITE RADIO SERVICE.SIRIUS XM SAYS NOT YET ABLE TO ESTIMATE IMPACT OF CRB'S DECISION ON FINANCIAL STATEMENTS, ALTHOUGH ADDITIONAL ROYALTY EXPENSE COULD BE MATERIAL.SIRIUS XM HOLDINGS INC - CRB ISSUED DETERMINATION REGARDING THE MAKING OF EPHEMERAL COPIES IN SUPPORT OF PERFORMANCES.SIRIUS XM SAYS EVALUATING RATES AND TERMS ANNOUNCED BY CRB; EXPECT TO EVALUATE CHANGES IN PRICING, INCLUDING AMOUNT OF U.S. MUSIC ROYALTY FEE.SIRIUS XM HOLDINGS INC - PARTIES HAVE FIFTEEN DAYS FROM DECEMBER 14, 2017 DETERMINATION TO MOVE FOR REHEARING.

TV Today Network Approves Amalgamation Of India Today Online With Co

Friday, 15 Dec 2017

Dec 15 (Reuters) - TV Today Network Ltd ::SAYS APPROVED AMALGAMATION OF INDIA TODAY ONLINE WITH CO.SAYS APPROVED DEMERGER AND VESTING OF NEWSPAPER BUSINESS/UNDERTAKING OF MAIL TODAY NEWSPAPERS INTO AND WITH CO‍​ ‍​.

Triton Holding Says Chuchai Wanichruangchai Resigns As CFO

Friday, 15 Dec 2017

Dec 15 (Reuters) - Triton Holding Pcl ::CHUCHAI WANICHRUANGCHAI RESIGNS AS EXECUTIVE DIRECTOR, CHIEF FINANCIAL OFFICER.

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.

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​.

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.

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.

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.

Rai Way says it Submitted Non- Binding Expression Of Interest In Potential Disposal Process Of Persidera

Wednesday, 13 Dec 2017

Dec 13 (Reuters) - Rai Way Spa ::RAI WAY - SUBMITTED NON- BINDING EXPRESSION OF INTEREST IN CONTEXT OF POTENTIAL DISPOSAL PROCESS OF PERSIDERA S.P.A. LAUNCHED BY ITS SHAREHOLDERS​.RAI WAY - CONSIDERING STRUCTURES COMPLIANT WITH REGULATORY FRAMEWORK, NOT BEING IN POSITION TO HOLD RIGHTS OF USE OF SPECTRUM GRANTED TO PERSIDERA FOR ITS MUXES​.

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