Lets kick off the week with a new edition of odds and ends catching up on some old items: Disney (DIS) acquired 21st Century Fox last month, but a new, slimmed down Fox Corporation (FOX) was spun off just prior to the deal closing. The new Fox is still controlled by the Murdoch family, but it is a… Read More »
Another month is almost in the books so lets recap the recent spinoff activity and also take a look at what spinoffs the next month will bring: Spinoffs Completed Prior Month It’s worth noting that in February’s roundup, this section had nothing listed. Ooops? It was actually quite a busy month so keep checking our site as we… Read More »
As we discussed last week, the big Disney (DIS) / Twenty First Century Fox deal is set to close this Thursday. In the meantime, 21st Century Fox shareholders have made their choices about how they want to receive their ‘consideration’ from Disney and apparently too many wanted the cold, hard cash: Holders of 959,919,192 shares of 21CF common… Read More »
We’ve been here before. The dismantling of Rupert Murdoch’s media empire began in earnest in June 2013 when News Corp completed the spin off of its publishing business as the new News Corp(NWS) and changed its own name to 21st Century Fox(FOX). That deal separated Murdoch’s declining but beloved newspaper business from the growing film and television business… Read More »
In the lead up to the separation of News Corp’s(NWSA) publishing arm from its global media business, the two pieces began trading today on a when-issued basis. The parent, global media company, which will be renamed 21st Century Fox and trade under the FOXA and FOX tickers began trading today as FOXAV. The publishing spinoff will take the… Read More »
A few more milestones have been crossed on News Corp’s (NWSA) path to spinning off its publishing business. This past week, the company received shareholder approval in order to change its certificate of incorporation. The move was necessary in order to facilitate the spinoff of its publishing business, commonly referred to as the new News Corp. A few weeks prior to… Read More »