Disney Raises Bid For Fox Properties

It was recently announced that Comcast has offered a $65 billion all-cash deal for Fox Studios. And in the spirit of playing hardball Disney is now offering a reported $71.3 billion, which will give Fox shareholders the option to take their payment in the form of cash or stock, up to a 50-50 level. Disney’s previous offer stood at $52.4 billion, and the new offer is even better as Disney plans to take on about $13.8 billion of Fox’s debt, which would bring the total transaction value above $85 billion.…

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