Dailymaverick logo

Business Maverick

Business Maverick, World, Newsdeck

Disney ups its bid for Fox to counter Comcast

Disney ups its bid for Fox to counter Comcast
Disney sweetened its bid for 21st Century Fox Wednesday, raising it to $71.3 billion in cash and stock to counter a rival bid from Comcast.

Disney's amended offer of $38 per share comes a week after Comcast, the largest US cable provider and owner of NBCUniversal, bid $65 million for prized 21st Century Fox assets being shed by Rupert Murdoch's family empire. DM