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Viewsroom

Viewsroom: Disney, Comcast go from zero to berserk

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 21 June 2018

⏱️ 18 minutes

🧾️ Download transcript

Summary

The Magic Kingdom and the cable company are driving up the price for parts of Twenty-First Century Fox in a global M&A battle that throws financial logic out the window. But does it make sense strategically? Plus: India’s cricket league takes a few pages from the NFL playbook. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

To be or not to be.

0:02.8

Right now we're offering a range of incentives across Audi models.

0:06.5

That is the...

0:07.5

But only until the 28th of February.

0:10.0

The...

0:10.7

Um...

0:12.0

So stop whatever you're doing.

0:14.4

Um... I'll be right back.

0:17.1

Just carry on without me.

0:18.3

And find yours online or at Finchley Road, Audi.

0:21.5

Audi, four-sprung Duck Technic.

0:23.8

Terms and conditions apply.

0:25.1

Selected models, retail customers and participating Audi centers only.

0:29.8

The views expressed on this podcast are those of the participants, not of Roalders' News.

0:39.7

The four-way global M&A battle involving big media personalities and cricket takes a page

0:45.4

from American football. These are the topics we'll be discussing on this week's edition of

0:49.8

the views room, a weekly conversation among breaking views columnists about the ups and downs of the world of finance. I'm Jennifer Saba. So there's a big old-fashioned fight going on for parts of Rupert Murdoch's empire. It involves some huge personalities and egos, but does any of it make sense? Here to help me sort this all out is Breaking View's U.S. editor John Foley. John, welcome to the program.

1:11.5

Hi, Jen. So let me set this up very quickly. In the fall, Rupert Murdoch decided he

1:17.6

wanted to sell parts of his company, 21st Century Fox. Disney agreed to buy it. Comcast didn't

1:24.9

like that, swooped in, made an offer. Now Disney came back and made another offer, and we're looking at right now $70 billion.

1:32.2

That could change at any moment.

1:34.8

But here we are, these two companies fighting over the, you know, big pieces of fox.

...

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