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Are we back to a minute by minute share price commentary again? There I was hoping to chat Love Island with some of the old gits on the forum but they get more excited by a .25 percent rise than the sight of bare buttocks! All in good humour please do not go reporting me......
Yesterday was the DOJ losing its case to block the merger. The actual merger will go through now next week. That may create more visible news. Then when the SKY, Comcast, Disney, Fox bidding kicks off in a few weeks everyone will pile in on ITV.
Just wonderful. I put up posts yesterday and today about the biggest event in the media industry this year. Something that will have real repercussions for ITV....... and then the usual suspect pops up and off we go on his imaginary internet feuds and arch nemesis again. He de-rails all sensible debate once again. Mods please take note.
I think he rather foolishly took the advice of one of "the sort of pensioners who frequent this board" and went and invested in the construction industry. Construction had a terrible day yesterday. Media looks set for 1-2 years of big takeover bids. He must be cursing his poor judgement. He was sold a dud.
The UK markets do not seem to have woken up to the scale and magnitude of the decision. It green lights multiple mergers and takeovers in the US. It opens up the possibility of far more global expansion. The US press were all highly positive. It means 1 trillion or more in M&A activity. That is vast sums moving through media. It is a great sector to be in when nearly all other industries have reached their ceiling on the FTSE. Tommy R is sounding quite riled this morning. Usually he is so calm. I bet he wishes he had bought in the 140s.
I am hoping the newly merged AT&T Time Warner look overseas. They look for strategic buys and spy ITV as a good partner. They come in with a bid. The Murdochs, BT and others then come in with counter bids and the share price doubles. All fantasy of course but there is going to be somewhere close to a trillion in warchests in this media consolidation and ITV at under 10 billion is small change.
Tommy my old pal did you see the AT&T and the real TW (Time Warner) merger just got approval? It has opened the floodgates to m&a activity in the media industry. All those negative forecasts you gave and media companies are about to become heavily sought after in a battle to consolidate. I did top up at ITV in the 140s. Media beats construction everytime.
Bingo. Judge approves merger. The floodgates are open. Multiple mergers now can go through. 100s of billions to be exchanged. Media is the new Oil. We are all about to get very rich. 2.00 and beyond! Congrats everyone who stayed and ignored the chatter of special divis elsewhere
All eyes on the US for the AT&T Time Warner merger/ anti trust case. CNN article suggests big knock on effects for rest of industry as all the current mergers in the pipeline are watching to see how this decision goes. http://money.cnn.com/2018/06/11/media/att-time-warner-preview/index.html