Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Twenty-First Century Fox    FOXA

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Twenty First Century Fox : Sky investor Crispin Odey says he now opposes Fox takeover

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/07/2017 | 02:47pm CET
The Twenty-First Century Fox Studios logo is seen in Los Angeles

Veteran hedge fund manager Crispin Odey now opposes Twenty-First Century Fox’s (>> Twenty-First Century Fox) 11.7 billion pound ($15.4 billion) bid to take control of British pay-TV broadcaster Sky (>> Sky) in a move that could raise further doubts about the deal.

Veteran hedge fund manager Crispin Odey now opposes Twenty-First Century Fox’s (>> Twenty-First Century Fox) 11.7 billion pound ($15.4 billion) bid to take control of British pay-TV broadcaster Sky (>> Sky) in a move that could raise further doubts about the deal.

Odey, whose firm is Sky’s 17th biggest investor with a 0.9 percent stake, according to Thomson Reuters data, believes that Fox’s 10.75 pound-a-share bid "starts to look like it's not a very good price" for the broadcaster.

"I'd vote against the deal," Odey told Reuters, when asked how he would vote on the offer. He added: "The interesting thing is: can Sky survive happily without Fox? I think it can quite happily."

Odey initially said he backed the Fox bid to acquire the 61 percent of Sky that it does not already own, which was first announced in December.

However, in August he told Reuters that he thought the offer was beginning to "look rather mean", although he did not say at the time that he would oppose the takeover.

(Reporting by Ben Martin; editing by Jason Neely)

Stocks treated in this article : Sky, Twenty-First Century Fox
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TWENTY-FIRST CENTURY FOX
11/17 Warnings, downgrades weigh as European shares post another weekly fall
11/17 British stocks fall back as Carillion crashes, Sky soars
11/17DJSuitors Line Up For Fox Assets -- WSJ
11/17DJCOMCAST : Approached 21st Century Fox About an Acquisition -- 2nd Update
11/17DJCOMCAST : Approached 21st Century Fox About an Acquisition -- 2nd Update
11/17DJComcast Approached 21st Century Fox About an Acquisition -- Update
11/17DJVerizon, 21st Century Fox Shares Rise -- Market Talk
11/16DJCOMCAST : Approached 21st Century Fox Over Acquisition Interest
11/15DJTWENTY FIRST CENTURY FOX : Witness Says Fox Sports JV Tied to Bribes Around Socc..
11/15DJTWENTY FIRST CENTURY FOX : Correction to article about the FIFA corruption trial..
More news
News from SeekingAlpha
11/18 Stocks to watch next week
11/17 Deals, big openings have media and content names moving
11/17 PREMARKET GAINERS AS OF 9 : 05 am
11/17 WALL STREET BREAKFAST : NAFTA Talks Resume In Mexico City
11/16 DJ : Verizon now also talking about buying parts of Fox
Financials ($)
Sales 2018 29 999 M
EBIT 2018 6 857 M
Net income 2018 3 580 M
Debt 2018 9 663 M
Yield 2018 1,31%
P/E ratio 2018 16,24
P/E ratio 2019 14,05
EV / Sales 2018 2,23x
EV / Sales 2019 2,05x
Capitalization 57 171 M
Chart TWENTY-FIRST CENTURY FOX
Duration : Period :
Twenty-First Century Fox Technical Analysis Chart | FOXA | US90130A1016 | 4-Traders
Technical analysis trends TWENTY-FIRST CENTURY FOX
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 32,8 $
Spread / Average Target 5,4%
EPS Revisions
Managers
NameTitle
James Rupert Murdoch Chief Executive Officer & Director
Peter Rice President
Lachlan Keith Murdoch Executive Co-Chairman
Keith Rupert Murdoch Executive Co-Chairman
John P. Nallen Chief Financial Officer & Senior Executive VP
Sector and Competitors
1st jan.Capitalization (M$)
TWENTY-FIRST CENTURY FOX11.09%57 171
VIVENDI25.23%34 498
VIACOM-25.50%10 858
LIONS GATE ENTERTAINMENT CORP. (USA)21.15%6 593
DOLBY LABORATORIES, INC.36.07%6 274
BEIJING ENLIGHT MEDIA CO LTD--.--%4 433