June 13, 2018 8:05 pm
Comcast Corp. on Wednesday offered to buy a big chunk of 21st Century Fox’s entertainment and international assets for $65 billion, kicking off a potential bidding war with Walt Disney Co. as the two media titans vie for supremacy in a business dealing with tumultuous change.
Comcast’s all-cash bid offers a premium of about 19% to Disney’s all-stock $52.4 billion offer, Comcast said. Fox said it received the offer and will review it, and that it hasn’t yet determined whether to adjourn the July 10 shareholder meeting. Representatives…Tags: Business
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