Comcast unveils $65B cash bid for Fox assets, setting up Disney warJune 13, 2018
Comcast unveils $65B cash bid for Fox assets, setting up Disney war
With the market shutting and AT&T’s Time Warner triumph still hot from the stove, Comcast has uncovered its offer for the media resources of Twenty-First Century
It’s an aggregate offer of $65B, $35/share in real money, a premium of around 19% to Disney’s offer.
Disney (NYSE:DIS) has a stock arrangement for the excitement resources worth about $52.4B, and all signs point to an offering war, with the possibility of Fox’s IP being an absolute necessity have in the merged media/telecom future.
It’s an offered expected to move the needle on Fox, which allegedly spurned a comparatively higher offer from Comcast before with Rupert Murdoch inclining toward the tax-exempt exchange of Disney stock. The extent of this offer may alter his opinion, or possibly put the dread of that result into Disney.