Tantaros Lawsuit Contains Multitude of Allegations Against Fox News and Its Executives

Lawsuits Accumulate Against Fox as Ofcom Reviews Sky Deal

Interview with Fox Plaintiff's Attorney Douglas Wigdor

CEO, Manalo LLP

Roderick Manlo

Manalo LLP

We provide event driven research services to hedge fund managers and institutional investors that cover select definitive and pre-announced M&A deals, focusing on identifying and analysing the key upside and downside risks to a particular transaction. We primarily analyse $billion+ takeovers or mergers of publicly-traded European targets, but also look at deals globally to assess when there is a key European angle or aspect that can influence the deal outcome.

With over 16 years’ experience in risk arbitrage and investment banking, we specialise in providing research and advisory services on all facets of risk arbitrage, with particular expertise in:

- Cross-Border M&A
- Hostile Takeovers
- Local Takeover Codes
- Antitrust & Competition
- Financial Valuation
- Shareholder Vote Analysis
- Impacts of Precedent Transactions
- Risk Arbitrage Trading Strategies

Event-Driven

<p>We present our thoughts on the regulatory review process for Sky / Fox and provide analysis of the timing of precedent deals to best understand the deal's potential timeline. In the UK, we believe that the deal will lead to media plurality being maintained since Fox’s 2013 spin-off from News Corp separated itself from any newspaper business, thus ensuring a sufficient voice to the UK public. In continental Europe, Sky’s 2014 acquisitions of Sky Deutschland and Sky Italia have cleaned up the companies and antitrust issues for these acquisitions have already been reviewed and approved by the EC. Therefore, achieving EC antitrust approval should be relatively simple. Although we expect ultimate approvals by all regulators, based on our experience with BSkyB / News Corp and ITV / BSkyB, we would not be surprised to see UK regulatory aspects case the transaction to drag well into 2018, should concerns arise due to the Murdoch family’s control of both Fox and News Corp.</p>

We present our thoughts on the regulatory review process for Sky / Fox and provide analysis of the timing of precedent deals to best understand the deal's potential timeline. In the UK, we believe that the deal will lead to media plurality being maintained since Fox’s 2013 spin-off from News Corp separated itself from any newspaper business, thus ensuring a sufficient voice to the UK public. In continental Europe, Sky’s 2014 acquisitions of Sky Deutschland and Sky Italia have cleaned up the companies and antitrust issues for these acquisitions have already been reviewed and approved by the EC. Therefore, achieving EC antitrust approval should be relatively simple. Although we expect ultimate approvals by all regulators, based on our experience with BSkyB / News Corp and ITV / BSkyB, we would not be surprised to see UK regulatory aspects case the transaction to drag well into 2018, should concerns arise due to the Murdoch family’s control of both Fox and News Corp.

Sky / Fox: Timing Expectations, the Process, Dissecting BSkyB / News Corp

Sky PLC

Sky / Fox: Timing Expectations, the Process, Dissecting BSkyB / News Corp