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Comcast challenges Disney with $65B bid for Fox

Comcast challenges Disney with $65B bid for Fox

6 years ago
Anonymous $roN-uuAfLt

https://phys.org/news/2018-06-comcast-disney-65b-fox.html

Comcast says its cash bid is 19 percent higher than the value of Disney offer as of Wednesday. The Wall Street Journal and others reported earlier that Comcast had lined up $60 billion in cash to challenge Disney for media mogul Rupert Murdoch's company. Disney's offer was for $52.5 billion when it was made in December, though the final value will depend on the stock price at the closing.

"This is a golden offer that will put considerable pressure on (Disney CEO Bob) Iger and Disney to step up their game on another bid," GBH Insights analyst Dan Ives said. "This is even higher than the Street thought, which speaks to Comcast really wanting these key assets."

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