Disney ups its bid for Fox to counter Comcast

Disney recently made a $52.4 billion stock-based bid to acquire 21st Century Fox’s film and TV assets. The latter’s board of directors was set to vote on the bid come July 10th. Things got a bit interesting last week when Comcast jumped into the fray and made a higher all-cash bid of almost $65 billion for the company. It was reported that Disney would enter a bidding war with Comcast and now it has because Disney has increased its bid for Fox to $71.3 billion. Disney’s previous bid valued Fox’s assets at about $28 per share while it’s amended of values it at $38 per share which amounts to almost $71.3 billion. It’s also being more flexible in addition to increasing the per share value.Disney is now going to allow shareholders of 21st Century Fox to decide if they want a chunk of the sale in the form of Disney stock or cash but it will be a 50/50 proration. This move is meant to counter the all-cash offer made by Comcast which on the face of it may seem more appealing to

Disney ups its bid for Fox to counter Comcast

Disney sweetened its bid for key assets of 21st Century Fox Wednesday, raising its offer to $71.3 billion in cash and stock to counter a rival bid from Comcast.

Wed 20 Jun 18 from Phys.org

Comcast-Disney fight highlights shifting media landscape

That didn't take long.

Thu 14 Jun 18 from Phys.org

How Fox's businesses would match up with Disney and Comcast

Competing bids from Comcast and Disney for the bulk of Twenty-First Century Fox come as the media landscape changes and companies get more involved in both creating and distributing content.

Thu 14 Jun 18 from Phys.org

Comcast challenges Disney with $65B bid for Fox

Comcast made a $65 billion bid Wednesday for Fox's entertainment businesses, setting up a battle with Disney to become the next mega-media company.

Wed 13 Jun 18 from Phys.org

Breaking up the Murdoch empire: Who gets what

A large part of the Fox entertainment empire is up for sale, though Fox News Channel and other U.S. television businesses are staying with the family of media mogul Rupert Murdoch.

Wed 13 Jun 18 from Phys.org

Sorry, Comcast: Fox and Disney sign new merger deal, rejecting Comcast bid

Fox accepts Disney's $71.3 billion offer, days after Comcast bid $65 billion.

Wed 20 Jun 18 from Arstechnica

Disney Increases Fox Bid To $71.3 Billion

Disney recently made a $52.4 billion stock-based bid to acquire 21st Century Fox’s film and TV assets. The latter’s board of directors was set to vote on the bid come July 10th. ...

Wed 20 Jun 18 from Ubergizmo

All the updates and implications of 20th Century Fox’s acquisition

Disney and Comcast are both trying to buy the media company Continue reading…

Wed 20 Jun 18 from The Verge

Disney tops Comcast with $71.3 billion deal for Fox - CNET

Disney really, really doesn't want to let Comcast have Fox.

Wed 20 Jun 18 from CNET

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