Disney, Fox Close to $60 Billion Merger Deal

Ruben Ruiz
December 6, 2017

The 7 months bullish chart indicates low risk for the $61.25 billion company.

Fox, meanwhile, added 1.7%, hitting a two-year high. If the $36.09 price target is reached, the company will be worth $4.90 billion more.

If Disney or another strategic bidder buys Fox's 39 percent stake in Sky, it would trigger a mandatory offer for the rest under U.K. Takeover Panel rules, and would probably be approved quickly by regulators, analysts at UBS led by Polo Tang said Monday in a note.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, November 8th. The institutional investor held 26,000 shares of the consumer services company at the end of 2017Q2, valued at $737,000, up from 12,000 at the end of the previous reported quarter.

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Fayez Sarofim & Co. lowered its position in shares of Twenty-First Century Fox Inc (NASDAQ:FOX) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. However, the Fox Broadcasting Network would continue to be owned by 21st Century Fox (which may want to change its name when this is all done), as would the sports channels, and the Murdochs' "news" empire with the likes of Fox News and Fox Business News. Therefore 74% are positive. $33's average target is -2.12% below currents $33.715 stock price. Moreover, Gamco Investors Et Al has 0.44% invested in Twenty-First Century Fox, Inc.

However, the main reasons for this deal appear linked to 21st Century Fox being in need of cash after its attempt to buy Sky News in the United Kingdom has seemingly stalled and a major investor and supporter on the 21st Century Fox board (ahem) is predisposed after being arrested in Saudi Arabia. They issued a "neutral" rating and a $33.00 target price on the stock. The stock now has an average rating of "Buy" and an average price target of $34.00.

The stock of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) earned "Hold" rating by Needham on Tuesday, October 24. The company was upgraded on Wednesday, February 1 by Moffett Nathanson. OTR Global raised shares of Twenty-First Century Fox to a "positive" rating in a research note on Monday, October 30th. (NASDAQ:FOXA) rating on Friday, August 5. Sanford C. Bernstein restated a "market perform" rating on shares of Twenty-First Century Fox in a research report on Tuesday, September 12th.

Twenty-First Century Fox, Inc is a media and entertainment company. The Company's segments include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. It has a 20.57 P/E ratio. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution. (NASDAQ:FOXA) as Buy, 1 analysts given Outperform signal, 3 reported Hold, and 0 analysts rated the stock as Sell. As per Thursday, February 25, the company rating was downgraded by Ladenburg Thalmann. Piper Jaffray Companies reissued a "buy" rating on shares of Twenty-First Century Fox in a report on Tuesday, September 26th.

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