2018-06-13 20:14:35 UTC
Comcast Launches $65 Billion Bid For Fox, Topping Disney’s Offer
by Dawn C. Chmielewski and Dade Hayes
Comcast today submitted a competing bid for 21st Century Fox, initiating what could well result in a high-stakes bidding war with its biggest media rival, The Walt Disney Co.
The U.S. cable giant made an all-cash offer of $65 billion to acquire much of Fox’s film and television assets, its international holdings and its stake in the streaming service, Hulu.
The $35 per share offer represents a 19% premium on Disney’s $52.4 billion all-stock offer for the same assets.