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Rupert Murdoch may buy back Fox Sports from Disney at a discount

Bucky

Bucky

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The front-runner to buy 22 regional sports TV networks from Disney is the same company that sold them in the first place.

"New Fox," the company that will remain after Rupert Murdoch sells $71.3 billion worth of 21st Century Fox assets to Disney, is the leading contender to buy back the RSNs it "sold" to Disney as part of the larger transaction, according to people familiar with the matter. Those networks broadcast the games of 44 professional teams from Major League Baseball, the National Basketball Association and the National Hockey League

Winning back the sports networks would be a coup for Rupert Murdoch, who could get the RSNs at a lower price than the value at which he sold them to Disney — a price that was driven up nearly $20 billion by Comcast's rival bid for the bundle of Fox assets. There may also be beneficial tax benefits to Murdoch, related to tax-deductible amortization, one of the people said.
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https://www.cnbc.com/2018/10/26/rupert-murdoch-may-buy-back-fox-sports-networks-from-disney.html

I am amazed at Murdoch's brilliance even at age 87. He understands business very well.
 
Would be strange since he has been selling his stuff because of his age. He does not trust his kids or his kids dont want to take over, so he has been liquidating left right and centre in preparation for his death.
 
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