Disney Improves 21st Century Fox Bid

By: Amy Kawa

21st Century Fox has agreed to an improved offer from the Walt Disney Co. worth $38 a share, up from $28 a share which the parties originally agreed upon in December.  Comcast had previously tried to out-bid Disney for Fox in recent weeks.  The new offer from Disney is valued at $71.3 billion and is a 50/50 stock and cash split according to the Wall Street Journal.  Comcast simply does not have the assets to make a serious competing offer.

Fox shareholders still have to meet and vote on the bid before the deal is official. The meeting is set for July 27, 2018.

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