New $71.3 billion Disney bid for Fox tops Comcast’s

New $71.3 billion Disney bid for Fox tops Comcast’s

6 years ago
Anonymous $cyhBy-qkd5

https://techcrunch.com/2018/06/20/new-71-3-billion-disney-bid-for-fox-tops-comcasts/

In a (perhaps not so shocking) turn of events, the Walt Disney Company has reentered its tug-of-war with Comcast over the acquisition of Fox’s film and TV divisions with a new $71.3 billion bid today. This bid is not only $18.9 billion higher than its original bid in December but it has also changed its terms, which had originally offered only stock, to offer a 50/50 split between a cash and stock payout. Importantly, this also is $6.3 billion more than Comcast’s all-cash offer earlier this month.

This new bid puts Disney back on firm footing in its battle to acquire Fox’s film and television assets, including Twentieth Century Fox, Fox Searchlight Pictures, FX Productions, National Geographic Partners and a majority stake in Hulu. But, if we’ve learned anything from these updates, it’s that nothing should be set in stone just yet.