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Disney ups its bid for Fox to counter Comcast

Disney's amended offer of USD 38 per share comes a week after Comcast, the largest US cable provider and owner of NBC Universal.


PTI United States
Updated: 20-06-2018 18:35 IST

Disney sweetened its bid for 21st Century Fox today, raising it to USD 71.3 billion in cash and stock to counter a rival bid from Comcast.

Disney's amended offer of USD 38 per share comes a week after Comcast, the largest US cable provider and owner of NBCUniversal, bid USD 65 billion for prized 21st Century Fox assets being shed by Rupert Murdoch's family empire.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

COUNTRY : United States

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