Disney tops Comcast with $71.3 billion deal for Fox

The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan borough of New York City New York

Just a few minutes before Iger and other Disney brass got on the phone this morning, they announced a new bid for Fox that is almost 10% above the one submitted last week by Comcast.

Directors can either begin that process by declaring on Wednesday that Comcast's proposal has a reasonable chance of becoming a superior offer, or they can simply ask Disney for a waiver to begin conversations with Comcast.

The tussle follows AT&T Inc.'s victory over the U.S. Justice Department in its antitrust battle to take over Time Warner Inc.

Disney had made a $52.5 billion all-stock offer in December. The meeting is likely to result in Fox kicking off a process to formally evaluate Comcast's bid, the people said, asking not to be identified as the matter is private. "Direct-to-consumer distribution has become an even more compelling proposition in the six months since we announced the deal".

If you're anxious about not being able to see the X-Men team up with the Avengers, an analyst from B. Riley recently discussed the probability of Disney obtaining the rights to the Marvel characters even if Comcast winds up purchasing 21st Century Fox.

The voices of children separated at the border
And when the Senate took up three immigration measures earlier this year, enough GOP senators voted against each one to sink them. John Culberson of Houston said he supports families remaining together, though he emphasized the need for strong border security.

Fox's board said it still has the right to weigh competing offers, signaling that the bidding war for its assets could continue. GBH Insights analyst Dan Ives said he thinks the "line in the sand" is $75 billion to $80 billion.

The improved offer came as 21st Century Fox board was set to decide whether to back Comcast's bid for assets that include Fox's film and television studios and global businesses.

Murdoch will keep a few properties, including Fox News, the Fox Sports national cable channels and the Fox broadcasting network. "We remain convinced that the combination of 21CF's iconic assets, brands and franchises with Disney's will create one of the greatest, most innovative companies in the world", he said in a statement.

"The acquisition of 21st Century Fox will bring significant financial value to the shareholders of both companies", said Disney boss Robert Iger. In morning trading, shares of Twenty-First Century Fox rallied 6 percent to $47.47. Shares of Disney rose 29 cents to $106.47 and Comcast shares rose 22 cents to $33.03 Dollars. Disney is the parent company of 6abc.

Related News:

  • Corey Lewandowski says

    Corey Lewandowski says "Wah wah" when told about girl with Down syndrome

    Lewandowsi responded that this was on the parents for coming here, and on Congress for not changing the laws. Corey Lewandowski is feeling the wrath of the Internet.
    Oppo Find X with sliding camera, bezel-less design launched

    Oppo Find X with sliding camera, bezel-less design launched

    We're not sure how sturdy the slide-up mechanism is, but it should be built for major wear and tear, if it is to serve this way. The Automobili Lamborghini edition of the Find X will also have an updated storage with a massive 512GB of on-board storage .
    Trump Targets $200 Billion In Chinese Imports As Spat Grows

    Trump Targets $200 Billion In Chinese Imports As Spat Grows

    Trump directed the US Trade Representative to prepare the new tariffs on Monday, pushing the two nations closer to a trade war. That would encompass roughly 90 percent of the $505 billion worth of goods that China exported to the United States in 2017.
  • Wild scenes on the streets of Russian Federation  after win

    Wild scenes on the streets of Russian Federation after win

    Egypt's final Group A game is against Saudi Arabia on Monday, which could also prove to be Cuper's last match as coach. He wasn't pleased with Egypt's inability to finish plays, even with striker Mohamed Salah back from injury.
    Germany stunned by Mexico's 1-0 victory

    Germany stunned by Mexico's 1-0 victory

    Mexico's team will advance to play South Korea in its next game Saturday in the Rostov area in Russian Federation . He did, however, admit that following the defeat to Mexico , several issues were addressed within the team.
    Sergio Ramos mocks Cristiano Ronaldo in Spain training after draw with Portugal

    Sergio Ramos mocks Cristiano Ronaldo in Spain training after draw with Portugal

    Puskas played for both Hungary and Spain in his career, but he scored all of his 84 official goals for the iconic Mighty Magyars. Portugal talisman Cristiano Ronaldo is on course to surpass the legendary Ferenc Puskas on the list of most global goals.
  • U.S.  withdraws from UN Human Rights Council

    U.S. withdraws from UN Human Rights Council

    National Security Adviser John Bolton had opposed the body's creation when he was USA ambassador to the United Nations in 2006. Dalia Fahmy , who is an associate professor of political science at LIU Brooklyn, shares her analysis with TRT WORLD from NY .
    'Modern Family' Boss, Seth MacFarlane Embarrassed to Work for Fox

    'Modern Family' Boss, Seth MacFarlane Embarrassed to Work for Fox

    There are some indications, however, that the ongoing criticism of Fox News could end up hurting the company's business. On Monday, MacFarlane donated donated $2.5 million to National Public Radio .
    Neymar sparks injury concerns after brief return to Brazil training

    Neymar sparks injury concerns after brief return to Brazil training

    If we were a bit more concentrated, we could have made the goalkeeper work a little more given the number of attempts we had. Steven Zuber wagged the ball into the net in the 50 minute from inside the six-yard box and equalised the goals by 1-1.
  • England fall to series defeat against Springboks

    England fall to series defeat against Springboks

    But asked if his players won or lost with dignity, he told BBC Radio 5 live: "I think they always do". Ben Youngs give interview to Sky Sports after South African defeat.
    Ronda Rousey is ready to take over WWE

    Ronda Rousey is ready to take over WWE

    Then she picked up the Money in the Bank briefcase that Bliss had won the night before and began beating him into a corner. While in the storyline Nia Jax was rehabbing her "injuries" from last night, Rousey emerged to give Bliss her comeuppance.
    Willian to Manchester United Would Benefit All Three Parties

    Willian to Manchester United Would Benefit All Three Parties

    But Crystal Palace also have reason to believe they have a good chance of signing the Arsenal academy graduate this summer too. If the rumoured £60 million is put on the table, it could be a deal that benefits all three parties.


Most liked

Maddow Breaks Down During Migrant Story
Rachel Maddow breaks down while trying to deliver a story about children being separated from their parents at the border. According to the Wall Street Journal , "In the controversy over immigrant families, Mr.

Prince Harry, Meghan join queen at Royal Ascot
He also said the sixth in line to the throne appeared "open" to the idea of Brexit when they had a "loose" talk about it. Asked about what he thought about Meghan's mother attending the wedding, he said, "My ex-wife is a handsome woman".

Distraught child migrants heard in audio published by ProPublica
Kennedy Institute for the United States Senate. "And it can be taken care of quickly, beautifully, and we'll have safety". That, however, set in motion a series of consequences that could have been easily foreseen - and in fact were.

Israel strikes Hamas targets in Gaza over burning kite flying
The wounded caseload from the seven weeks of protest had surpassed that of the 2014 war between Israel and Hamas . Hours later, Israeli aircraft fired warning shots toward Palestinians "who launched arson balloons".

There's A Good Reason Why Trippier Didn't Celebrate After Kane's Goal
To be the best player in the world you have to aim high - you can't aim low - so just put no limits on yourself. I'm guessing that 7pm on a weekday night must be pretty good timing to show them but still, incredible to see.

Melania Trump calls for end to migrant family separation
Laura Bush said the ongoing policy at the border " breaks her heart " in an editorial published by The Washington Post . As a result, children are separated from those who are prosecuted, with no clear procedure for their reunion.

2K Reveals ‘WWE 2K19’ Cover Star AJ Styles, $1 Million Challenge
The prize? One million dollars. "So many things have been unexpected for me in the WWE, and this is one of them", said Styles. He learned of the cover role 2-3 weeks ago and says it's a real honor to be on the cover because he's a gamer.

Maruti Suzuki Jimny Launch Marks Goodbye to Gypsy and Counters Jeep
The interior of the new Jimny is clearly a case of function-first but it still looks plenty retro and cool. And needless to say, the new Jimny looks like scaled down version of the G-Class , which is a good thing.

Starbucks to close 150 stores as sales growth cools
In the past year, Starbucks has opened nearly 1,000 new stores in the Americas, which includes the U.S., Canada and Latin America. That alliance frees Starbucks to focus on improving its mainstay US cafe business, where traffic growth had stalled.

Portugal vs. Morocco live stream
We're used to that nearly , not only in the last match but his career as a whole. We are sure that FIFA World Cup 2018 live streaming information is given here.

World Cup 2018: Cristiano Ronaldo makes history after scoring against Morocco
We lost a battle, but not the war". "We will give our life on the pitch". The Besiktas defender praised Ronaldo for his contribution against Spain.

Gregg Popovich meets with disgruntled Kawhi Leonard
This comes on the heels of Leonard reportedly asking for a trade - preferably to somewhere in Los Angeles - out of San Antonio . The Spurs' official priority has been to try to talk with Leonard to work through the issues, league sources said.

Class act as Senegal fans help clean up stadium after defeating Poland
Egypt, Morocco, Nigeria and Tunisia all lost their opening games before the Teranga Lions took to the pitch on Tuesday. Well, like many of us thought, this Senegal team is a force to be reckoned with and they got the win against the odds.

Macron hopeful on eurozone banking union, to work with Italy on migration
The row centred on the charity ship Aquarius, which both Italy and Malta refused to let dock at their ports. It added that Italy was waiting for French to take action to "heal the situation that has been created".

Led Coalition Denies Bombing Pro-Regime Position In East Syria
IS overran large swaths of Syria and neighboring Iraq in 2014, declaring an Islamic "caliphate" in areas under its control. Artillery are seen lined up in the village of Suway'iah, near the Syrian border town of Albu Kamal, on November 10, 2017.