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

British pension funds warn on any Fox/Sky deal

December 13, 2016 7:00 AM EST

LONDON (Reuters) - British public sector pension funds on Tuesday called for an "appropriate" premium in any potential deal between Twenty-First Century Fox (NASDAQ: FOXA) and Sky as well as for safeguards to protect minority shareholders.

Rupert Murdoch's Twenty-First Century Fox Inc aims to table a firm cash bid valuing Sky at 10.75 pounds... More

Exclusive: Fox nears firm bid for Sky via scheme of arrangement - sources

December 12, 2016 9:12 AM EST

By Sophie Sassard and Kate Holton

LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox (NASDAQ: FOXA) aims to table a firm cash bid valuing British broadcaster Sky at 10.75 pounds per share as early as Wednesday for the 61 percent of the company it does not already own, four people familiar with the matter said.

The two companies have agreed to press ahead with a scheme of arrangement, two of the sources said on Monday. That is a court-approved agreement typically used in friendly takeovers in the UK which requires 75 percent approval from... More

Telsey Downgrades 21st Century Fox (FOXA) to Market Perform

December 12, 2016 7:51 AM EST

Telsey downgraded 21st Century Fox (NASDAQ: FOXA) from Outperform to Market Perform.

For an analyst ratings summary and ratings history on 21st Century Fox click here. For more ratings news on 21st Century Fox click here.

Shares of 21st Century Fox closed at $28.21 yesterday.

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MoffettNathanson Downgrades 21st Century Fox (FOXA) to Neutral

December 12, 2016 7:25 AM EST

MoffettNathanson downgraded 21st Century Fox (NASDAQ: FOXA) from Buy to Neutral with a price target of $32.00.

Analyst Michael Nathanson commented, "Fridays announcement of a possible FOXA/SKY deal, while accretive and not utterly shocking, is underwhelming from a strategic and timing... 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

Major Sky shareholder to vote against Fox bid

December 11, 2016 6:48 AM EST

By Costas Pitas

LONDON (Reuters) - A major shareholder in British pay-TV company Sky will vote against Twenty-First Century Fox's (NASDAQ: FOXA) $14 billion takeover bid, the investor told Reuters on Sunday, while another said it is unhappy about the offer.

Rupert Murdoch's Fox offered 10.75 pounds ($13.52) a share in cash on Friday in its second attempt to buy the 61... 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

Murdoch's Twenty-First Century Fox bids $14 billion for UK's Sky

December 9, 2016 11:31 AM EST

By Jessica Toonkel, Kate Holton and Pamela Barbaglia

NEW YORK/LONDON (Reuters) - Rupert Murdoch's Twenty-First Century Fox Inc (NASDAQ: FOXA) has struck a preliminary deal to buy the 61 percent of British pay-TV firm Sky Plc (NYSE: SKY) it does not already own for around $14 billion, five years after a political scandal wrecked a previous bid.

The proposed offer of 10.75 pounds a share in cash, which is backed by Sky's independent directors, would strengthen the position of James Murdoch - who is both chief executive of Fox... More

21st Century Fox Class A (FOXA) calls active after offer to buy Sky announced

December 9, 2016 11:21 AM EST

21st Century Fox (NASDAQ: FOXA) January 30 and 33 calls are active on total call volume of 5K contracts (1K puts) after offer to buy Sky announced. December call option implied volatility is at 29, January is at 22; compared to its 52-week range of 19 to 45.

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21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share

December 9, 2016 11:01 AM EST

(Updated - December 9, 2016 11:02 AM EST)

The Independent Directors of Sky plc ("Sky") note today's share price increase, and announce that Sky has received an approach from 21st Century Fox, Inc. (Nasdaq: FOXA). After a period of negotiation, the Independent Directors of Sky and 21st Century Fox have reached agreement on an offer price of £10.75 per share in cash, less the value of any dividends subsequently paid by Sky (the "Proposal"). However, certain material offer terms remain under discussion and there can be no certainty that an offer will be... More