Tag Archives: FOXA

Don’t Rush Out and Buy Disney Just Yet

By the time this hits your inbox, the quasi-mythical Disney-Fox deal, which is to say Walt Disney Co.’s (NYSE: DIS) purchase of 21st Century Fox Inc. (Nasdaq: FOXA), may have already been announced.

As I write this, the deal looks to be a foregone conclusion. Disney is set to pony up something on the order of $52 billion for Fox’s assets (and, as part of the deal, debts).

What a deal…. It comes “fully loaded” with Fox’s film and television production operations, the FX network, National Geographic (NatGeo) channel, regional sports networks,....More>>>

Stocks Sink on Tax Worries

U.S. equities fell on Thursday amid doubts over the fate of the GOP’s tax cut plans. The doubt hit investors after a number of Republican senators expressed reservations about the amount of the child tax credit.

In the end, the Dow Jones Industrial Average lost 0.3%, the S&P 500 lost 0.4%, the Nasdaq Composite lost 0.3% and the Russell 2000 lost 1.2%. Treasury bonds were weaker, the dollar outperformed, gold gained 0.7% and crude oil added 0.8%.

Aside from the admittedly low risk the GOP doesn’t get a deal done on taxes before the holiday — which would be....More>>>

Don’t Rush Out and Buy Disney Just Yet

By the time this hits your inbox, the quasi-mythical Disney-Fox deal, which is to say Walt Disney Co.’s (NYSE: DIS) purchase of 21st Century Fox Inc. (Nasdaq: FOXA), may have already been announced.

As I write this, the deal looks to be a foregone conclusion. Disney is set to pony up something on the order of $52 billion for Fox’s assets (and, as part of the deal, debts).

What a deal…. It comes “fully loaded” with Fox’s film and television production operations, the FX network, National Geographic (NatGeo) channel, regional sports networks,....More>>>