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Frontrunning: December 15

Some GOP Senators Press for Late Changes in Tax Bill (WSJ) Here’s Where the GOP Tax Plan Stands Right Now (BBG) Harvard Endowment Chief Pushed for Steeper Devaluation of Assets (WSJ) Net neutrality repeal gives Democrats fresh way to reach millennials (Reuters) With Fox Deal, Disney Adds Hulu to Its Digital Kingdom (WSJ) Treasury Yields […]

Disney Agrees To Buy 21st Century Fox Assets For $52.4 Billion

After weeks of mounting speculation – and a rumored competing bids by rivals Comcast Corp. and Verizon that never materialized – Disney and 21st Century Fox announced early Thursday that the former would acquire most of the latter's entertainment assets in a deal worth $52.4 billion, according to the official press release. Here's what Disney […]

Rupert Murdoch Mansion “Burning Down” In LA Wildfire: NBC

The mansion of Fox News Executive Chairman Rupert Murdoch (and reportedly future owner of Disney) located in the Moraga Estate winery and mansion in Bel Air, is “burning down” in the raging Los Angeles wildfires, NBC 4 reported on Wednesday. NBC4 just reported that Rupert Murdoch’s home is on fire. The property is a $30 […]

Netflix Slides, Fox Spikes On Disney Acquisition Headlines

21st Century Fox has been holding talks to sell most of the company to Walt Disney Co., according to CNBC's David Faber, leaving behind a media company tightly focused on news and sports, according to people familiar with the situation. The initial reaction is DIS and FOXA higher and NFLX lower… Cable networks shares are […]