Comcast is apparently exploring higher bid for Fox’s expanded Disney bid

comcastIn the current battle for large parts of Rupert Murdoch’s media empire 21st Century Fox, the inflated offer of media company Walt Disney does not seem to discourage bidder rival Comcast.

Comcast chief Brian Roberts has privately signaled his willingness to increase the offer of the US cable company, reported the Financial Times (FT) on Thursday, citing persons familiar with the matter. An official statement rejected the company.

Comcast has consulted with its banks Wells Fargo and Bank of America, according to the newspaper, as the group even more money together, without losing its good credit rating agencies. The rating agency Moody’s had already warned Comcast of a possible credit rating down.

Even the courted media company Fox is currently assuming that Comcast returns with a higher supply, the paper reported, citing information from the environment of the Murdoch family on. However, Murdoch Disney continues to see as the more suitable buyer because of lower regulatory hurdles.

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Disney improves offer for 21st Century Fox

disney fox deal

The US entertainment group Disney has added in the bidding race for the majority of the assets of 21st Century Fox.

Not only does Disney offer a higher price under a new agreement with Fox, it also adds a cash component to its offer.
Disney now wants to pay $ 38 per share, $ 10 more than the December agreement. Fox shareholders can now choose to receive the equivalent in shares or in cash.

Fox said the Disney deal was “superior” to that of Comcast . The US cable operator submitted a $ 35 per share counter offer last week, valuing Fox assets at $ 65 billion. This, however, Fox has rejected.

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