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Future of Fox entertainment assets in focus at Sun Valley conference

Sources tell FOX Business’ Charlie Gasparino the Disney-Comcast battle for Fox and the Sinclair-Tribune deal may intensify at the 2018 Allen amp; Company Sun Valley Conference in Idaho.video

Major media deals likely to gain traction at Sun Valley Conference: Gasparino

Sources tell FOX Business’ Charlie Gasparino the Disney-Comcast battle for Fox and the Sinclair-Tribune deal may intensify at the 2018 Allen Company Sun Valley Conference in Idaho.

Participants in Allen Co.’s annual Sun Valley Resort conference were focused Wednesday on prospects for big media merger deals — especially the future of the 21st Century Fox entertainment assets.

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The invitation-only gathering of billionaires and leaders of tech and media companies in Idaho allowed elites to discuss — face to face — the ongoing fight between Comcast and Disney for Fox entertainment assets. Attendees also were focused on a possible merger of Viacom and CBS.

Early Wednesday the clash between Comcast and Disney gained fresh attention when British pay-TV group Sky said it accepted a sharply increased offer from 21st Century Fox to acquire the pan-European company, according to the Financial Times.

Fox’s new offer, which is an all-cash offer, for the 61% of Sky it doesn’t already own is approximately $32.5 billion, a 30% increase over its previous offer, which was made in December 2016.

Fox agreed on June 20 to sell most of its assets — including its current 39% stake in Sky — to the Walt Disney Company.

If Fox buys the remaining stake in Sky prior to closing the Disney deal, Disney would take full-ownership of the British company upon completion of the larger transaction.

21st Century Fox is the parent company of Fox News and FOX Business.

Article source: https://www.foxbusiness.com/business-leaders/future-of-fox-entertainment-assets-on-minds-of-sun-valley-conference-goers

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