WeaponXCII
Civilian
- Joined
- Jun 5, 2016
- Messages
- 626
- Reaction score
- 234
- Points
- 53
I think we will get an announcement at least a few weeks prior. They're doing a lot of groundwork now, but everything will change on the closing date and they need their employees to be ready. Because we're talking about thousands of people who will be working for Fox the day before the closing and Disney the day after the closing, it will have to be broadly known and anticipated by employees, so it can't be a secret.
They may not make a big show of announcing it (though I wouldn't be surprised if they do), but I believe at least two weeks prior, at a minimum, it will be publicly known, and at the very least, the financial news outlets will be reporting on it before it actually happens.
This is, I think, the most convincing evidence for an announcement prior to the closing date: with the sheer size of this thing, with so many moving parts, with so many people being involved, it's simply a matter of necessity.
Two weeks sounds good; enough time to get everything recalibrated (after all, even a lot of people internally might find out about the date like us... I don't know- just an educated guess here). Knowing Disney, I suspect they would want to break the news themselves, but if they don't, I could see it being from a financial news outlet. Wouldn't it be fitting and poetic if it was CNBC- and even Faber himself- since that's where it all started?