Comcast makes $65 billion offer to steal 21st Century Fox away from Disney

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After weeks of signaling it might accomplish that, Comcast is making a play at 21st Century Fox’s TV and movie belongings. Hoping to derail Disney’s pending, stock-based $52.four billion cope with Fox, Comcast is stepping in with a better, all-cash supply for $35 per share, which totals roughly $65 billion. The transfer is more likely to set off an intense battle between Comcast and Disney as 21st Century Fox and the Murdoch empire weigh which is the higher choice. Fox’s board of administrators is scheduled to vote on the Disney deal on July 10th.

“Time is of the essence in your consideration of our proposal,” Comcast CEO Brian Roberts wrote in a letter to Fox’s board. Comcast has filed an announcement with the SEC in opposition to the Disney/21st Century Fox…

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Supply hyperlink – https://www.theverge.com/2018/6/13/17457244/comcast-21st-century-fox-film-tv-studios-acquisition-deal-announced

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