Sky-High Deals
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 11 July 2018
⏱️ 16 minutes
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Summary
21st Century Fox agrees to buy Sky, trumping a rival offer from Comcast. Tesla agrees to open a factory in China. And Google gets into more trouble with the EU. Motley Fool analyst Aaron Bush talks about what it all means for investors.
Transcript
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| 0:00.0 | It's Wednesday, July 11th. |
| 0:03.6 | Welcome to Market Foolery. |
| 0:04.8 | I'm Matt Greer, and joining me in studio is the one and only |
| 0:09.2 | motley full analyst Aaron Bush. |
| 0:11.0 | Aaron, it is just you and me. How you feeling right now? |
| 0:13.4 | I'm feeling special. Are you feeling special? I'm really glad to be here. |
| 0:16.8 | Thanks for having me. Well I'm excited because we've got a lot of |
| 0:19.2 | exciting stories here. A little later in the show we're going to talk about Elon Musk and Tesla going to China, some big news there, and then Google seems to get in a lot of trouble in the EU and when it comes to Europe. |
| 0:33.7 | And so we're going to talk about the latest kind of curfuffle there and what it may or may not |
| 0:37.3 | mean for investors. |
| 0:38.8 | But I want to begin with the latest wheeling and dealing in the world of media and entertainment. |
| 0:44.0 | 21st century Fox has agreed to buy Britain's Sky TV in a deal valuing sky at around |
| 0:50.2 | 32.5 billion dollars. |
| 0:53.6 | Scott is Pay Television for those of you who don't follow the company. |
| 0:57.1 | Now that offer, that trumps a rival offer from Comcast. |
| 1:02.3 | And this all happens, Aaron, against this backdrop of Disney and Comcast, battling it out over Fox's assets as well, or most of Fox's assets. |
| 1:13.9 | So we have a lot of Wheeling, dealing in media and entertainment. |
| 1:17.2 | What do you think? |
| 1:18.0 | I mean, it's an absolute frenzy, that's for sure. |
| 1:21.2 | Fox already owns 39% of Sky, |
| 1:24.0 | so they're acquiring to bid the remaining 61% |
| 1:27.3 | that they don't own right now. |
... |
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