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Disney agrees higher bid with cash for 21st Century Fox

Wednesday 20 June 2018 | 16:45 CET | News
21st Century Fox has agreed a new takeover offer from Disney, adding a cash element to the originally all-stock deal and beating the rival bid from Comcast. Under the amended agreement, Fox shareholders will receive USD 38 per share, in a choice of cash or stock, with a maximum 50 percent of the total price in cash for Disney. The total equity price of USD 71.3 billion tops Comcast's offer of USD 65 billion for Fox and Disney's first offer of USD 52.4 billion all in stock. 

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Categories: Broadcast & Satellite / Internet
Companies: 21st Century Fox / Comcast / Disney / FX Networks / Hulu / National Geographic / Sky / Tata Sky / Twentieth Century Fox
Countries: United States / World
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