The legacy of Disney’s Bob Iger is hanging in the balance over the Fox deal
https://qz.com/1308238/the-legacy-of-disneys-bob-iger-is-hanging-in-the-balance-over-the-fox-deal/
Bob Iger, Disney’s CEO, saw Comcast’s $65 billion bet (paywall) on 21st Century Fox, and raised it.
Disney, which agreed to buy Fox six months ago, upped its bid for Rupert Murdoch’s media empire by more than a third, to $71.3 billion in cash and stock Wednesday (June 20). Comcast offered $35 in cash per share for Fox last week, above the $28 in stock Disney originally planned to pay. The latest offer works out to $38 per share in cash and stock.