Disney raises its bid for Fox's entertainment businesses to $71.3 billion, days after Comcast...

[DonViejo]

Source: The Washington Post



Disney raises its bid for Fox’s entertainment businesses to $71.3 billion, days after Comcast made a competing offer for the company

By Washington Post Staff
June 20 at 9:20 AM

The deal, one of the largest in entertainment history, would enhance Disney’s position as a powerhouse in the industry. The transaction would include Fox film and TV studios, some cable networks and international assets, but not Fox News Channel or the Fox television network.

Fox said it plans to move forward with this deal, subject to board approval.

This is a developing story. It will be updated.

Read more: https://www.washingtonpost.com/news/business/wp/2018/06/20/disney-raises-its-bid-for-foxs-entertainment-businesses-to-71-3-billion-days-after-comcast-made-a-competing-offer-for-the-company

[Guilded Lilly]

1. The Mouse That ROARED

[exboyfil]

2. Giving Murdoch even more billions to

Play in his favorite sandbox Government aligned media.

[cstanleytech]

7. Ya but wasnt it the entertainment division that had been funding Fox News and his other media?

If so by selling so much of it off to Disney they could (hopefully) be shooting themselves in the foot in the long run.

[Liberalagogo]

3. The Simpsons did it first...

[Roland99]

4. I just hope this means Comcast is now an outcast

I'm in this to see the MCU even closer to being under one umbrella.

Now to get those theme parks rights from Universal east of the Mississippi....

[Blue_Tires]

5. Sadly, people today only think of "monopoly" as a board game now

instead of something to be broken up...

[Xolodno]

6. I wouldn't be surprised Disney already has a plan to sell some of the assets off...

They would recoup some of the outlay and won't be beholden to to a portfolio that doesn't fit them. I could easily see them sell the Simpsons for the Theme Park rights plus cash to Universal. That would cement Universal's control on the asset without worrying they have to cut yet another royalties check to Disney and off load an asset they don't know what to do with now.

[exboyfil]

8. Maybe swap

For Marvel Theme Park rights. Right now Super Hero Island is stagnant. It is basically the same as nearly 20 years ago.