Comcast Fox deal

Update 6/20/2018: Bloomberg reports that Fox has accepted a $71.3 billion bid from Disney, which tops Comcast’s previous offer of $65 billion. Disney’s new offer “gives Fox shareholders the option to take their payment in the form of cash or stock, up to a 50-50 level”, and the company will also “take on about $13.8 billion of Fox’s net debt”, which brings the total value of the deal to north of $85 billion.

Update 6/19/2018: According to CNBC, Fox’s board meets tomorrow to discuss Comcast’s bid, and if Fox decides they prefer Comcast’s offer to Disney’s offer, Disney has five days to match. The Mouse House “is expected to add cash to its bid” in addition to the stock-based offer it currently has in place. Our original article follows.

Things just got slightly more complicated in the ongoing saga of 21st Century Fox. Many of the company’s assets were long thought to be acquired by Disney, but as promised, Comcast has now officially swooped in with a superior offer to acquire Fox’s film studio, most of its TV channels, and more. And it looks like they’re coming out swinging: a Comcast Fox deal would mean that Comcast would buy the Fox assets for a hefty $65 billion, far surpassing Disney’s offer of $52 billion.
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Everything You Need to Know About the Disney-Fox Deal

disney fox deal questions

Early Thursday morning, the Walt Disney Company announced that it was buying 21st Century Fox in a historic $52.4 billion deal that has shaken the media and entertainment industries. As part of the deal — valued at over $60 billion including debt — Disney will acquire Fox’s film studio 20th Century Fox along with all its movie franchises, select TV networks like FX and National Geographic, and more.

We break down the full extent of the Disney-Fox deal, and what it means for the future of the movie industry, streaming, and Rupert Murdoch.

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