The Oscar-nominated Bohemian Rhapsody was a big success for 21st Century FoxThe sale of a $15.1 billion stake in Sky boosted 21st Century Fox’s fourth-quarter results as its underlying performance edged ahead of analysts’ expectations. The sale, of the 39 per cent stake in the British satellite broadcaster, netted 21st Century Fox a $10.8 billion fourth quarter pre-tax gain, the company said yesterday. 21st Century Fox, which is valued at $91 billion, has a range of cable, broadcast, film and television assets. Disney, the $167 billion entertainment and theme parks company, is buying most of 21st Century Fox for $71 billion. Profit for the three months to December, 21st Century Fox’s second quarter, jumped to $10.8 billion from $1.8 billion in the same period a year before.

Source: The Times February 07, 2019 00:00 UTC