MoffettNathanson Downgrades 21st Century Fox (FOXA) to Neutral

Go back to MoffettNathanson Downgrades 21st Century Fox (FOXA) to Neutral

Wedbush Cuts Price Target on 21st Century Fox (FOXA) to $31

December 13, 2016 7:45 AM EST

Wedbush maintained an Outperform rating on 21st Century Fox (NASDAQ: FOXA), and cut the price target to $31.00 (from $33.00) based on likely dilution from a SKY plc deal. On Friday, SKY and FOXA separately announced an agreement in principle on a possible deal at £10.75/$12.90... More

21st Century Fox (FOXA): Fox Planning Another Sky Bid - Brean Capital

December 12, 2016 7:18 AM EST

Brean Capital analyst, Alan Gould, reiterated his Hold rating on shares of 21st Century Fox (NASDAQ: FOXA) on the belief there could be a potential Fox/Sky merger. Despite FOX offering a higher price for Sky than anticipated, the stock is still... More

In Sky deal, Murdochs shield Fox from sagging U.S. ad market

December 9, 2016 6:48 PM EST

By Jessica Toonkel

(Reuters) - Twenty-First Century Fox Inc's (NASDAQ: FOXA) plan to buy the remaining stake in Sky Plc further insulates the Murdoch family-owned media company from a U.S. television advertising market roiled by sagging ratings, experts said.

In a highly-anticipated move, Rupert Murdoch's Twenty-First Century Fox struck a preliminary deal on Friday to buy the 61 percent of British pay-TV firm Sky Plc (NYSE: SKY) it does not already own for around $14 billion.

Owning Sky would give Fox, whose cable networks... More

21st Century Fox (FOXA) Confirms Agreement in Principle on Sky Acquisition

December 9, 2016 12:43 PM EST

Twenty-First Century Fox, Inc. (Nasdaq: FOXA) notes the announcement made today by Sky plc (Sky) and confirms that it has reached an agreement in principle in relation to a possible offer (the Possible Offer) to acquire all of the outstanding shares in Sky it does not already own at a price of £10.75 per share payable in cash less the value of any dividends subsequently paid by Sky. However, certain material offer terms remain under... More