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Disney offers over $70 bln for Fox trying to beat Comcast

Disney company has lifted the offered amount for 21st Century Fox, which now makes up $71.3 bln, it is proposed in cash and shares, earlier the sum was $52 bln.

Photo: GETTY IMAGES

This bid increases the value of Fox’s shares to $38, the initial proposal by Disney at the end of 2017 estimated them $10 cheaper. Fox is being vied for by Disney and American media giant Comcast with its attempt to acquire the firm for $65 bln in cash.

If 21st Century Fox is purchased, it will be immensely financially beneficial for the shareholders of the two companies, Robert Iger, Disney’s chief, said.



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