Notable Call Buying in Disney (DIS) Amid News Comcast (CMCSA) Will Drop Bid for 21st Century Fox (FOXA) Assets -Susquehanna

Comcast concedes to Disney in bidding war for Fox assets

July 19, 2018 8:46 AM EDT

By Liana B. Baker and Carl O'Donnell

(Reuters) - Comcast Corp (NASDAQ: CMCSA) dropped its $66 billion bid for Twenty-First Century Fox Inc's (NASDAQ: FOXA) entertainment assets on Thursday but said it would still try to expand its international footprint by acquiring 61 percent of European broadcaster Sky Plc , the remainder of which is owned by Fox.

Comcast's withdrawal is a concession to Walt Disney Co (NYSE: DIS), which last month sweetened its offer for the Fox assets to $71.3 billion, in a bid to unite... More

Disney (DIS) on Watch as Comcast Drops Fox Asset Bid

July 19, 2018 8:38 AM EDT

Disney (NYSE: DIS) shares on watch as Comcast (NASDAQ: CMCS) drops out of bidding for Fox (NASDAQ: FOXA) assets.

... More

Comcast (CMCSA) does not intend to pursue further acquisition of Twenty-First Century Fox (FOXA) assets

July 19, 2018 8:36 AM EDT

Comcast Corporation (Nasdaq: CMCSA) today issued the following statement regarding its pursuit of the assets Twenty-First Century Fox has agreed to sell to The Walt Disney Company: Comcast does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and,... More

U.S. stocks fall on sour earnings, trade fears

July 19, 2018 7:51 AM EDT

By Stephen Culp

NEW YORK (Reuters) - U.S. stocks dropped on Thursday after earnings disappointed and trade jitters escalated over worries that the European Union could slap retaliatory tariffs on goods imported from the United States.

Officials from the EU Trade Commission, due in Washington next week for trade talks, are said to be preparing a list of tit-for-tat actions in response to proposed U.S. tariffs on EU cars.

Automakers said tariffs on U.S. cars and car parts could increase vehicle prices by $83 billion annually. Ford Motor Co (NYSE:... More

Scores of gymnasts who survived doctor's abuse unite at ESPYs

July 19, 2018 12:19 AM EDT

By Lisa Richwine

LOS ANGELES (Reuters) - More than 100 survivors who went public with gut-wrenching stories of abuse by former USA Gymnastics doctor Larry Nassar joined in a show of solidarity on Wednesday as they accepted an award for courage at the annual ESPYs ceremony.

The honorees smiled, held hands and exchanged hugs as they filled the stage at the glitzy event attended by top athletes and celebrities in downtown Los Angeles.

"It is a privilege to stand up here today with my sister survivors as we represent hundreds more who are not with us tonight,"... More

British M&A regulator to review level of possible Disney offer for Sky

July 18, 2018 11:34 AM EDT

LONDON (Reuters) - Britain's takeover regulator said on Wednesday that it would review its ruling that Walt Disney (NYSE: DIS) might have to acquire UK broadcaster Sky for at least 14 pounds a share.

The Takeover Panel said its hearings committee would... More