LogFAQs > #903630646

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Topic	looks like Disney paid $71 bil for 21st Century Fox
SK8T3R215 06/20/18 12:29:49 PM #31:	DoctorVader posted... SK8T3R215 posted... Yeah for tax reasons with Disney offering stock in its offer plus lower anti trust concerns since they rejected Comcast months ago (which offered more than Disney) and decided to go with Disney. Other smaller shareholders would likely prefer the Comcast all cash offer if they aren't concerned about potential divestments. Actually, Comcast came back with another offer just last week which included all breakup costs in case it didn't go through, plus any breakup costs with Disney. The new total was around $70B, which is why Disney countered again. Ok... That doesn't really have anything to do with my post. Disney offer with stock = lower tax bill for larger LT Fox shareholders on cash portion only, potentially less antitrust concerns Comcast offer of all cash = higher tax bill for those LT Fox shareholders, but more beneficial to most shareholders as they receive cash, potentially higher anti trust concerns that may require divestments. The Murdoch's went with Disney's original lower offer in December because it was favorable to them and had less risk of being blocked but with the AT&T TW deal being approved the risks of Comcast's offer being blocked/divesting assets is lower so other shareholders would likely prefer an all cash offer vs 50/50 cash and stock. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:903630646] in looks like... [t:76732815]...</cite> <quote><cite>DoctorVader posted...</cite> <quote><cite>SK8T3R215 posted...</cite> <quote>Yeah for tax reasons with Disney offering stock in its offer plus lower anti trust concerns since they rejected Comcast months ago (which offered more than Disney) and decided to go with Disney. Other smaller shareholders would likely prefer the Comcast all cash offer if they aren't concerned about potential divestments.</quote> Actually, Comcast came back with another offer just last week which included all breakup costs in case it didn't go through, plus any breakup costs with Disney. The new total was around $70B, which is why Disney countered again.</quote> Ok... That doesn't really have anything to do with my post. Disney offer with stock = lower tax bill for larger LT Fox shareholders on cash portion only, potentially less antitrust concerns Comcast offer of all cash = higher tax bill for those LT Fox shareholders, but more beneficial to most shareholders as they receive cash, potentially higher anti trust concerns that may require divestments. The Murdoch's went with Disney's original lower offer in December because it was favorable to them and had less risk of being blocked but with the AT&T TW deal being approved the risks of Comcast's offer being blocked/divesting assets is lower so other shareholders would likely prefer an all cash offer vs 50/50 cash and stock. --- New York Knicks, New York Jets, New York Yankees.</quote> ... Copied to Clipboard!
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