0
Broadband

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. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

UK government approves 21st Century Fox bid for Sky

Published 12 Jul 2018 16:42 CET | United Kingdom
The UK government has formally approved 21 Century Fox's plans to acquire pay-TV group Sky. In a statement, new Culture Secretary ...

Sky agrees to higher takeover bid from Comcast

Published 12 Jul 2018 09:06 CET | United Kingdom
Comcast has raised its offer for European pay-TV provider Sky, just beating an improved bid from Sky's largest shareholder 21st ...

21st Century Fox increases offer for Sky by 30%, beating Comcast bid

Published 11 Jul 2018 10:46 CET | United Kingdom
21st Century Fox has increased its offer for Sky as it looks to outbid US rival Comcast for the pay-TV group. Fox and the Sky ...

Sky strategy officer to leave company in October

Published 10 Jul 2018 13:48 CET | United Kingdom
The chief strategy and commercial officer of pay-TV group Sky, Mai Fyfield, is set to leave the company in October, reports The ...

Fox preparing new higher offer for Sky to outbid Comcast - report

Published 10 Jul 2018 11:03 CET | United Kingdom
21st Century Fox is preparing a new higher offer for European pay-TV group Sky as it looks to outbid US rival Comcast, reports ...

Comcast seeks buyers for Fox sports networks ahead of improved bid - report

Published 10 Jul 2018 09:42 CET | United States
Comcast is looking for potential buyers for 21st Century Fox's regional sports networks in the US, in an attempt to ease ...

Takeover Panel urged to set higher minimum share price for Sky

Published 04 Jul 2018 10:15 CET | United Kingdom
The UK Takeover Panel is being urged to set a higher minimum price for Sky's shares as Comcast and Disney battle to acquire 21st ...

DoJ clears Disney takeover of Fox after sale of regional sports channels

Published 28 Jun 2018 09:09 CET | United States
The US Department of Justice has cleared Disney's planned takeover of much of 21st Century Fox. The condition is the Walt Disney ...

Telecomindex week 25: Sky profiteert van overnamestrijd om Fox, DT lijdt onder reorganisatie

Published 25 Jun 2018 08:12 CET | Europe
Het merendeel van de aandelen in onze Europese telecominfindex eindigde week 25 lager (-0,2%), maar niet zo veel als de EuroStoxx ...

Last week in telecoms: Sky benefits from bidding war for Fox, DT hit by job cuts

Published 25 Jun 2018 07:52 CET | Europe
The majority of the stocks in our European telecoms index ended week 25 down (-0.2%), but not quite as much as the EuroStoxx 50 ...

Fox, Disney agree new terms for funding, operating Sky News

Published 20 Jun 2018 10:19 CET | United Kingdom
The UK Government has published updated undertakings offered by 21st Century Fox, along with new undertakings offered by Disney, ...

Comcast makes USD 65 bln cash bid for 21st Century Fox

Published 13 Jun 2018 23:49 CET | United States
Comcast has made its official bid for most of the assets of 21st Century Fox. The company said it will give USD 35 per share in ...

Comcast confirms plans for 21st Century Fox offer, outbidding Disney

Published 23 May 2018 14:14 CET | United States
Comcast has confirmed it's preparing a bid for much of 21st Century Fox that would beat Disney's earlier offer of USD 52.4 ...

Comcast launches rival bid for Sky, beating Fox offer

Published 27 Feb 2018 08:39 CET | United Kingdom
US-based Comcast has announced that it's considering a takeover bid worth GBP 22.1 billion for European pay-TV group Sky, beating ...

Disney buys 21st Century Fox for USD 52.4 bln in stock

Published 14 Dec 2017 13:25 CET | World
The Walt Disney Company said it has agreed to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television ...