Disney 21CF

Disney topped Comcast’s $65 billion all-cash offer for certain 21st Century Fox assets, offering up $71.3 billion in cash and stock Wednesday.

The new $38/share acquisition gives 21CF shareholders the option to elect cash or stock in the combined entity. The overall mix of consideration paid to Fox shareholders will be approximately 50% cash and 50% stock.

“Since the original agreement was announced, the intrinsic value of these assets has increased, notably due to tax reform and operating improvements,” Disney said of its decision to raise its original $52.4 billion deal.

The amended offer means that both companies will put forth new dates for shareholder meetings, which were previously set to be held on July 10. Disney is holding an audio call this morning to discuss the new offer.

 

The Daily

Subscribe

70+ 8K TVS Now 8KA-Certified

The 8K Associatio n, a cross-industry group dedicated to the expansion of the 8K ecosystem, announced it has certified more

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up

Calendar

Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar

Jobs

Seeking an INDUSTRY JOB?
VIEW JOBS

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact John@cynopsis.com for more information.