The AT&T-Time Warner ruling is making the Murdoch family billions of dollars richer

The AT&T-Time Warner ruling is making the Murdoch family billions of dollars richer

6 years ago
Anonymous $cyhBy-qkd5

https://www.cnbc.com/2018/06/20/the-att-time-warner-ruling-is-bidding-up-the-price-of-fox-assets.html

In December, Rupert Murdoch decided a $52 billion offer from Disney fairly valued his bundle of Fox assets. Now he's staring at a bid that's almost $20 billion higher.

On Wednesday, Disney increased its cash and stock proposal to $71.3 billion. That's because Judge Richard Leon's decision last week to allow AT&T to buy Time Warner without conditions encouraged Comcast to offer $65 billion for the Fox assets (a move it considered for months), topping Disney's bid. And it led Disney to hit right back.