The Murdoch family, which controls Fox, prefers a deal with Disney because it would rather be paid in Disney than Comcast stock, and expects a potential deal
with Disney to be cleared by U.S. antitrust regulators more easily, one of the
sources said.
However, no deal between Disney and Fox is imminent and several issues have yet to be fully negotiated, the sources said.
The Reuters sources asked not to be identified because the negotiations are confidential. Fox and Comcast declined to comment, while Disney did not
immediately respond to requests for comment.
Fox is exploring a potential sale as it is has been considered undervalued relative to its peers, said Brian Wieser, an analyst at Pivotal Research.
“At the beginning of this year, Fox was the only buy-rated stock I had because it was so depressed relative to everything else in the sector,” Wieser
said.
Fox Chief Executive James Murdoch, speaking at the UBS Global Media and Communications Conference in New York on Tuesday, declined to comment on reports
about a potential sale.
"It’s always good to look at what’s going to create the most value for our shareholders,” he told attendees.
CNBC had reported earlier on Tuesday that a deal for Disney to buy Fox's movie studio and television production assets for more than $60 billion could
come as early as next week.
Fox shares were up 0.57 percent in late afternoon trading, while Disney was down 2.45 percent. Comcast shares were down 1.56 percent.
Disney, which has a market value of around $166 billion, would acquire Fox's FX and National Geographic cable channels, its movie studio, the Star network in
India and stake in European pay-TV provider Sky PLC (SKYB.L).
Fox anticipates that its deal to buy the remaining 61 percent stake of Sky, which has been held up by regulators, will be approved in the first half of
2018. Any deal for Fox would include the remaining stake of Sky, sources have
told Reuters.
Fox would keep its news and business news divisions, its broadcast stations and Fox Sports, the sources said.
Reuters reported in November that Comcast, which is the largest U.S. cable provider and has a market value of around $188 billion, had expressed interest
in Fox assets.
Those assets would offer the opportunity for both Comcast and Disney to broaden their international distribution footprint.
They would also be a source of new content at a time when companies like Amazon Inc (AMZN.O) and Netflix Inc (NFLX.O) are spending billions to bulk up on
programming. Comcast has steadily boosted its ownership of content over the
years.
Any potential deal would follow the U.S. Department of Justice's decision to sue to block AT&T Inc's (T.N) $85.4 billion deal to buy Time Warner Inc
(TWX.N). (Agencies)
Mid-September is hawk-staring at time, the most exciting, wild phenomenon of the yr for 1000's of raptor observers. Raptor approach robber, and these
birds of prey, which plunder and pillage from the sky, now steal hearts and
imaginations, too, as they fly south in a dramatic display rivaling the arena’s
finest migrations.
Huge, black, eagle-dimension turkey vultures are soaring like tipsy pilots, unstably rocking within the wind from facet to facet,
with wings held up in a shallow V. Sharp-shinned and Cooper’s hawks, trailing
lengthy, skinny, banded tails, are racing in straight strains with a exclusive
rhythm of flap, flap, waft … flap, flap drift. Purple-tailed hawks with their
unusual, darkish stomach-bands and unbarred, fan-shaped, tails are ascending in
massive spirals — except they’re refueling by way of nonetheless-searching from
a tree department, mobile pole or different accelerated vantage
point.
Northern harriers, ospreys, pink-shouldered hawks, peregrines, merlins, kestrels and bald eagles are sure to follow in an orderly progression
that has developed over 1000's of years. But all these sightings are numerically
dwarfed by way of the enormous broad-winged enormous broad-winged hawk migration of nearly 2 million
birds that as a rule starts offevolved in our region this coming week. The skies
can now turn out to be our Serengeti, New England’s variant of the nice
wildebeest migration. All we want is a tremendous cold front up north to set it
off.
Ninety percent of the huge-wingeds, most commonly-from-Canada populace migrates concurrently in a matter of some targeted days, regularly
following the primary predominant cold snap up north. Thousands of 1000's of
them on cue abandon their dense, conifer-studded breeding variety, heading
south, en masse, funneling through Texas, Mexico and Panama, subsequently
finishing their four,500-mile marathon in South the united states. Very ancient
broad-wingeds have made the best journey a dozen occasions.
Their quick, black-banded, fanned tails stand out distinctively to informed observers.
Joining a expert hawk-staring at workforce can generally aid you find and
determine them, and even differentiate bar-breasted adults from stripe-breasted
juveniles.
The Forbush, Athol, Cape Cod and Brookline hen golf equipment all offer neighborhood opportunities to marvel on the colossal movement at
strategic viewpoints like Mount Wachusett, Mount Watatic, Barre Falls and Mount
Tom from now by means of early November. Professionals like Paul Roberts and
Barton Kamp will probably be there virtually each sunny day, recording numbers
and deciding upon species you’d likely pass over in your possess.
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