Comcast Tops Disney with a $65 Billion USD Bid to Purchase 21st Century Fox
Disney will now have to offer more than $13 billion USD to compete.
The Disney Fox merger has been going on since last year but Comcast has just announced it’s topped Disney‘s previous $52.4 billion USD all-stock bid with a $65 billion USD cash offer. Both are after the same assets from Fox as it begins to direct its focus on news and sports, but it appears Disney will now have to offer more than $13 billion USD as well as a greater incentive than stock options to top Comcast.
Disney stockholders and Marvel fans alike have been hit by the news, as the prospects of the X-Men franchise to join up with The Avengers and greater MCU would be quite enticing. This merger war is similar to the AT&T and Time Warner deal from 2016. The U.S. District Court officially approved the merger the same day Comcast upped its ante, and since that ruling went through, it’s speculated that Comcast is confident violating anti-trust laws will no longer be much of a problem.
In related Fox news, Zoe Saldana has already filmed her parts for Avatar 2 and Avatar 3.
Comcast Makes Superior All-Cash Proposal to Acquire 21st Century Fox After Spinoff of ‘New Fox’ https://t.co/OHPAr4hQ4f
— Comcast (@comcast) June 13, 2018
