U.K. Unlikely to Block Comcast’s Proposed Sky Takeover, Minister Says [The New York Times]
Fox Corporation - Class A (FOXA)
Last fox corporation - class a earnings: 2/5 04:05 pm
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Source: The New York Times
LONDON — Britain’s culture secretary said on Monday that he was unlikely to block the American cable giant Comcast’s proposed takeover of the British satellite broadcaster Sky, the latest twist in a merger battle between Comcast and Rupert Murdoch’s 21st Century Fox. In a statement, the culture secretary, Matt Hancock, said he was not inclined to intervene in Comcast’s $30.7 billion bid for Sky because the “the proposed merger does not raise concerns in relation to public interest considerations which would meet the threshold for intervention.” Mr. Hancock’s remarks came amid a protracted effort by Fox to win full control of Sky, a company in which Mr. Murdoch’s company already holds a 39 percent stake. Fox submitted its current bid for Sky in December 2016 , but the company has faced a series of regulatory roadblocks since then. Mr. Hancock is still considering that bid and is expected to make a final decision about it by sometime in June. Comcast and Fox are in something
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FOXA
News
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- Fox Co. (NASDAQ: FOXA) had its "neutral" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $34.00 price target on the stock.MarketBeat
- Fox Corporation Executives to Discuss Third Quarter Fiscal 2024 Financial Results Via Webcast [Yahoo! Finance]Yahoo! Finance
FOXA
Earnings
- 2/7/24 - Beat
FOXA
Sec Filings
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- 3/27/24 - Form 4
- FOXA's page on the SEC website