Comcast Tops Disney With $65 Billion Bid for Fox Assets
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.
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