Disney-21st Century Fox deal gets rid of the ESPN problem

The On-Air hosts of ESPN deliver their Monday Night Countdown broadcast before the game between the Cincinnati Bengals in addition to also the brand new York Giants within the game at MetLife Stadium on November 14, 2016 in East Rutherford, brand new Jersey.

Al Pereira | Getty Images

The On-Air hosts of ESPN deliver their Monday Night Countdown broadcast before the game between the Cincinnati Bengals in addition to also the brand new York Giants within the game at MetLife Stadium on November 14, 2016 in East Rutherford, brand new Jersey.

Shares of Disney were more than 2 percent higher Thursday on news of the deal, while Fox was up over 4 percent. The deal will include Fox movie studios, Nat Geo, stakes in Sky in addition to also Hulu, in addition to also regional sports networks.

Cramer said the reason Disney’s stock wasn’t even higher can be due to antitrust concerns. Antitrust can be something “no one can game,” he said.

“There can be such an antitrust problem here given the fact of which we know there’s an antitrust problem with AT&T-Time Warner,” he said.

“Boy, do I like the deal,” added Cramer, host of CNBC’s “Mad Money.” yet “the idea’s just such a wild card.”

Cramer continued, “To be consistent they have to examine This kind of deal.”

Leave a Reply

Your email address will not be published. Required fields are marked *

*

eighteen − 6 =