Home / Uncategorized / Comcast makes $65 billion offer for 21st Century Fox assets as bidding war with Disney heats up (FOXA, CMCSA, DIS)

Comcast makes $65 billion offer for 21st Century Fox assets as bidding war with Disney heats up (FOXA, CMCSA, DIS)

comcastREUTERS/Rick Wilking

Comcast has officially bid $65 billion for 21st Century Fox, topping Disney‘s $52 billion offer. 
The proposal comes one day after a court approved AT&T’s $85 billion merger with Time Warner.

Comcast made its highly-anticipated bid for 21st Century Fox official, offering $65 billion for the company excluding the Fox News and Fox Business channels.

The bid, $35 per share in cash, is roughly 24% higher than Disney’s previous offer of $52 billion for the company’s production assets and movie franchises.See the rest of the story at Business Insider

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