21st Century Fox Accepts New Higher Bid From Disney
Following a bid from Comcast last week, Disney raised their offer to $71.3B for 21st Century Fox this morning. It’s been reported that the media giant’s board has already accepted the offer.
The deal — 50% in cash and 50% in stock —surpasses Disney’s original offer of $52.4B last month.
The deal includes:
- 20th Century Fox
- 20th Century Fox Television
- FX Networks
- National Geographic
- Fox Regional Sports Networks
- 30% Stake in Hulu
- Stake in international networks Sky and Star TV.
Even with 21st Century Fox accepting Disney’s bid, Comcast could still make a superior unsolicited bid in an attempt to steal Fox away once again.