Comcast Tops Disney With $65 Billion Bid for Fox Assets

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Comcast Corp. made an unsolicited provide to purchase most of 21st Century Fox Inc. for roughly $65 billion, kicking off a bidding conflict with Walt Disney Co. as the 2 media titans jockey for place in a enterprise present process tumultuous change.

Comcast on Wednesday bid $35 a share in money for the property, which vary from a storied Hollywood studio and worldwide pay-TV distribution to cable networks and a stake in streaming firm Hulu. That may be a premium of almost 20% to Disney’s all-stock provide for a similar set of property.



Supply hyperlink – https://www.wsj.com/articles/comcast-bids-roughly-65-billion-for-fox-1528920230?mod=pls_whats_news_us_business_f

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