21st Century Fox and the Walt Disney Company today announced a new deal that increases the value of Disney’s original December 2017 offer from $28 a share at $52.4 billion to $38 a share at $71.3 billion, with a new cash component. This agreement „is superior to the proposal“ from Comcast made earlier this month, according to an unnamed representative speaking for Fox (via The Wall Street Journal).
Additionally, the new Fox-Disney deal states that Fox shareholders will be able to receive their consideration „in the form of cash or stock,“ subject to 50/50 proration. The updated deal comes six months after Disney first announced [...]
Just a day after a U.S. District Judge approved the upcoming merger between AT&T and Time Warner, Comcast has submitted a bid for 21st Century Fox’s TV and film assets, reports CNBC.
Comcast has presented Fox with an all-cash offer at $35 per share for a total of $65 billion, which beats out Disney’s stock-based $52.4 billion deal. 21st Century Fox has already moved forward on a deal with Disney, but Comcast is aiming to change the minds of Fox’s board members. From the letter sent to Fox’s board by Brian Roberts, Comcast CEO.
So, we were disappointed when 21CF decided to enter into a transaction with The Walt Disney Company, [...]
Apple and Samsung are back in court this week for a damages retrial that will determine just how much Samsung has to pay Apple for infringing on Apple design patents. Samsung was found guilty of violating the patents back in 2012, but the two companies have been fighting over the amount of money Samsung should pay as a result for the last six years.
The core issue between the two companies is whether the damages should be based on the total value of the device, or whether Samsung should pay a fee based just on the elements of the phone that it copied.
Apple is of the opinion that its payment should be based on the full value of the iPhone, while Samsung is arguing [...]
Apple has ditched its plans to build a $1 billion data center in Ireland because of continual delays in the approval process chiefly brought about by planning appeals by local residents (via Reuters).
Apple had been trying to get its $1 billion data center in County Galway, Ireland built for over three years, but has experienced pushback from individuals and organizations highlighting environmental protection issues.
Those against Apple’s plans claimed a data center could have negative effects on local animal populations, while potential flooding concerns on a neighboring golf course were also raised. The planned site’s proximity to a local [...]