Daily News | Disney closing in on Fox assets

Big news from the world of media today. Comcast announced that it won’t be competing anymore for a package of assets belonging to Twenty-First Century Fox Inc. The main suitor is now Walt Disney Company, and the whole deal is supposed to be worth more than 40 billion dollars. Fox assets included in the deal are globally known brands such as National Geographic, FX and a part of Sky PLC, so it will definitely be very interesting how a change in ownership will impact them. However, the negotiations are still under way, although some sources claim that the deal could be made by the end of this year because the Murdoch family, Fox’s owners, preferred Disney’s offer over Comcast, anyway. We will continue to monitor the story, but you can be certain that the aforementioned Fox assets will soon change hands. 

Our other piece of news once again concerns bitcoin and its big rise. As we wrote yesterday, bitcoin futures were launched for the first time yesterday and it’s very interesting to see the first results of that. It seems that traders do not think this explosion of the cryptocurrency’s value will last, but they still believe that its value will keep rising. For example, the bitocoin futures contract for one month reached value of 18,650 USD yesterday afternoon in New York, so it will be very interesting to see where things go from here. Just to remind you, this is the first time investors can access bitcoin on a big regulated exchange, and there are indications we will be seeing more use of this cryptocurrency across the board because of that.

Finally, also related to yesterday’s news, we have to say that brent crude futures have broken the 65 USD barrier, so you will want to keep an eye on that, too. That’s it from us for today, but don’t forget to check us out tomorrow once again for more financial and business news.


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Author: Max Rothstein

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