21st Century Fox Agrees to Higher Offer From Disney [WSJ]

21st Century Fox Agrees to Higher Offer From Disney [WSJ]

By Keach Hagey and Erich Schwartzel

June 20, 2018 | Walt Disney Co. raised its offer to purchase most of 21st Century Fox to more than $71.3 billion in cash and stock, topping an unsolicited offer from rival Comcast Corp. and escalating the bidding war for the coveted media properties.

Disney’s new offer is far higher than its original deal, $52.4 billion in stock, and surpasses Comcast’s all-cash offer of roughly $65 billion. In addition to having the higher offer, Disney said it also has the regulatory advantage over Comcast.

Read more on Wall Street Journal.

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