Time Warner Inc (TWX) and Twenty-First Century Fox Inc (FOX): Gabelli Is Bullish On Content

Mario Gabelli, the chairman and CEO of GAMCO Investors, has only good words about Time Warner Inc (NYSE:TWX) and Twenty-First Century Fox Inc (NASDAQ:FOX), even if the takeover deal between the two has not materialized. In a video segment on CNBC, the asset manager has said that both companies are on track to bring excellent shareholder value over the next five years, with the stock doubling its price. According to Gabelli, Time Warner Inc (NYSE:TWX), which currently trades at around $72 per share, will be worth $130 per share, while Twenty-First Century Fox Inc (NASDAQ:FOX) stock will jump to $65, from the current price of $33-a-share, in the next five years.

“I think the investors will do quite well owning both,” said Gabelli.

Mario Gabelli

GAMCO Investors, the value hedge fund Gabelli founded in 1986, owns 11 million shares of Twenty-First Century Fox and 2.5 million shares in Time Warner Inc (NYSE:TWX).  The dollar value of Twenty-First Century Fox Inc (NASDAQ:FOX) stake is $363 million, which is almost double compared to the Time Warner Inc (NYSE:TWX) stake of $177 million.

Gabelli indicated that he is more bullish on Twenty-First Century Fox Inc (NASDAQ:FOX), which may have brighter prospects.

Twenty-First Century Fox Inc (NASDAQ:FOX) has put forward and then removed a proposal to buy Time Warner Inc (NYSE:TWX) for $80 billion, following the target board’s refusal to discuss the deal. Gabelli has said that he is “neutral” on the acquisition, indicating, however, that a raise of the bid to $100 per share would have been too much. If it were to happen, the deal could have brought additional value to shareholders through synergies, suggested Gabelli.

“[...] The vision of the future is simple. [...] The rising middle-class in India and China, and you go anywhere in the world and you see, they go with the smartphones, the mobility, they want content, and having both [companies] put together with the right synergies,” could have made the merger work, said Gabelli.

Disclosure: None

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!