Manchester United Launches Marketing For Its U.S. Market Debut – (NWSA, TWX, DIS)


Owners of the 134-year-old team Manchester United Ltd plans to make about three times their investment in the British soccer club if its market debut goes profitably. The club, which is one of the most popular in the world, has launched the marketing program for its U.S. initial public offering, valuing the club at $3.3 billion if the sale is at the top end of the pricing range of $16-to-$20 per share.

Through the IPO, the Glazer family will get almost $167 million from their sale of 8.3 million shares but will keep ownership of 89.8 percent of the shares, which will be worth about $3 billion at $20 a share price. In other news, Google Inc(NASDAQ:GOOG) declared delaying the Nexus Q launch, which is a home entertainment device that was expected to be available in July.

News Corp (NASDAQ:NWSA)

The News Corporation declared that it plans to trail the partition of publishing and media and entertainment businesses into two separate openly traded companies. Shareholders would grasp interests in a publishing company consisting of assortment of publishing assets and a global media and entertainment company ahead of closing of such transaction.

News Corp (NASDAQ:NWSA) reported the loss of -0.04% and closed at $23.01 with the total traded volume of 18.34 million shares. NWSA has trailing twelve months earnings per share of $1.40 and its price to earnings ratio ended at 16.48.

Time Warner Inc. (NYSE:TWX)

Time Warner Inc. (NYSE:TWX) shares moved up +1.23% to close at $39.60 and its total traded volume during last trading session was 14.55 million shares. TWX has market capitalization of 38.01 billion and its beta value stands at 1.13 times.

TWX has current ratio of 1.34 and its debt-to-equity ratio was 0.66. Time Warner Inc. (NYSE:TWX) reported a 33 percent fall in second-quarter profit after declines in magazine sales and CNN’s ratings.

Net income dropped to $430 million or 44 cents a share, from $638 million, or 59 cents, a year prior. Excluding some items, profit of 59 cents a share beat by 1 cent the average.

The Walt Disney Company (NYSE:DIS)

The Walt Disney Company (NYSE:DIS) declined -0.65% with the closing price of $49.14. The overall volume in the last trading session was 5.25 million shares. Its fifty two week range was $28.19-$50.54. The total market capitalization remained $87.83 billion.

In its share capital DIS has 1.79 billion outstanding shares while 1.65 billion shares have been floated in market. DIS has insider ownership of 0.10% while its institutional ownership remained 66.90%. Company’s current year earnings per share grew with 23.78% while the five year EPS growth rate was +9.47%.


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