Fox reveals that Comcast bid more than Disney did, but Fox picked Disney anyway [LA Times]

Fox reveals that Comcast bid more than Disney did, but Fox picked Disney anyway [LA Times]

April 19, 2018 | Comcast Corp. offered 21st Century Fox Inc. at least 16% more for a chunk of its assets than Walt Disney Co. did, though regulatory concerns ultimately led controlling stockholder Rupert Murdoch to accept the lower bid.

In a joint filing Wednesday with Disney in connection with their $52.4-billion deal, Murdoch’s 21st Century Fox described months-long talks with a media group described as Party B but widely known to be Comcast.

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