The 21st Century Fox divestiture represents a new strategic direction.
By Mark Herndon, President of M&A Partners
Thanks to his ravenous appetite for acquisitions, Rupert Murdoch has built an incredible media empire. Now the mogul is embarking on a major divestiture. If the deal is approved, Disney will purchase the majority of 21st Century Fox's business assets for a cool $52.4 billion--paying a considerable premium over its pre-deal trading price.
Murdoch isnt known for strategic divestitures. On the contrary, previous divestiture activity has included mostly minor assets or undeniable losers (such as MySpace). But this proposed divestiture represents a new strategic direction ,one that M&A professionals can certainly learn from. Read more.