Murdoch Children In Line For $2B Following 21st Century Fox Sale

Murdoch Children Research Institute

Each of Murdoch’s children will receive $2 billion, following the completion of the sale of 21st Century Fox to Disney (DIS) down -0.14% and breakup of Murdoch’s media empire. From the Murdoch Family Trust’s 17% share in Century Fox (FOX) down -0.24% the figure determined by FT, which Disney is buying for $38/share and Fox’s share of Sky, in September for $40 billion which was sold to Comcast.

Comcast’s recent victory in the auction for Sky and the sale to Disney represents a parting of ways between Mr. Murdoch and the current 21st Century Fox’s chief executive also his youngest son, James. In a statement, fox announced the new agreement features deal certainty enhancement, saying that the new offer including the portfolio of cable channels, the Fox movie studio and Star of India is worth $71.3 billion and is definitely more enticing to shareholders than $65 billion offer from Comcast. [optin-monster-shortcode id=”swikrbu1d9j9aq0o4cko”]

The family stake of Murdoch, as per the FT’s calculation is worth a total of $12 billion which does not include the family’s stake in New Fox or News Corp. For the Murdoch Family Trust, all six of Murdoch’s children are beneficiaries. Direct beneficiaries are his four adult children, Elisabeth, Lachlan, James and Prudence, while from his marriage to Wendi Deng his teenage children having no voting interest, Grace and Chloe, are beneficiaries. Trustees till now manage their stake. Murdoch continues to control the trust, despite not having a financial interest.

The Disney deal allows and will be guaranteed a number of Disney shares, for investors to choose between a mix of Disney shares and cash, which will equal to $38 on a condition – if the average Disney stock price at close is between $93.53 cents and $114.32 cents. Recording to CNBC, Fox shares jumped 6.3% in early trade on the day of the announcement. 21st Century fox executive chairman, Rupert Murdoch said that they believe the two companies will be able to provide more values for shareholders together. In a statement he also said, “The company remains convinced that the combination of 21st century fox’s iconic asset, franchises and brands with Disney’s will create one of the most innovative and greatest companies in the world”.

Fox has postponed previously announced special stock holder’s meeting to a later date after Disney’s new offer, the date of the new meeting is yet to be announced.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Checkout our Free Dividend Stocks Report

Specially made for income-hungry investors, Invest in growing Franked Dividends an opportunity that should not be missed.


6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report