ASEAN (Indo) & China-focused. Ex-Deputy HoR UBS.

Johannes Salim, CFA

Equity Bottom-Up

Twenty First Century Fox A / Equity Bottom-Up

<ul>
<li>More valuation details regarding <a href="https://www.smartkarma.com/entities/15439" target="_blank" data-smartkarma-citation="entities:15439:1">The Walt Disney Co (DIS US)</a> and <a href="https://www.smartkarma.com/entities/16008" target="_blank" data-smartkarma-citation="entities:16008:1">Twenty First Century Fox A (FOXA US)</a> deal are coming out.</li>
<li>For-sale assets from FOXA is valued richly at 12.9x EBITDA.</li>
<li>Our calculation indicates merger arbitrage return potential of a sizable 14-23% if investors were to bet on FOXA.</li>
</ul><p>As we are writing this note, more details regarding valuation of <a href="https://www.smartkarma.com/entities/15439" target="_blank" data-smartkarma-citation="entities:15439:1">The Walt Disney Co (DIS US)</a> acquiring a large chunk of <a href="https://www.smartkarma.com/entities/16008" target="_blank" data-smartkarma-citation="entities:16008:1">Twenty First Century Fox A (FOXA US)</a>'s assets are streaming in on financial media such…</p>


More valuation details regarding The Walt Disney Co (DIS US) and Twenty First Century Fox A (FOXA US) deal are coming out.
For-sale assets from FOXA is valued richly at 12.9x EBITDA.
Our calculation indicates merger arbitrage return potential of a sizable 14-23% if investors were to bet on FOXA.
As we are writing this note, more details regarding valuation of The Walt Disney Co (DIS US) acquiring a large chunk of Twenty First Century Fox A (FOXA US)'s assets are streaming in on financial media such…

Disney-Fox Deal: 14-23% Merger Arbitrage Return Potential for FOXA