Monday, June 25, 2018 7:50:27 AM
Disney pulls ahead in the fight for Fox
The House of Mouse sweetened its takeover bid for most of 21st Century Fox to $38 a share, leapfrogging Comcast’s $35-a-share bid. The new offer was cleverly structured to please both the Murdochs and other Fox investors, with a mix of cash and stock.
Expect Comcast to counter soon. But time may not be on its side: Bloomberg reports that the Justice Department could clear Disney’s prospective deal within weeks, putting Comcast far behind in the race for regulatory approval.
GO DISNEY!!
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