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The Walt Disney Company isn’t going to let Comcast swoop in and derail its deal for 21st Century Fox without a fight. This morning, Disney and Fox announced that the companies have agreed to an amended acquisition agreement that raises Disney’s bid to $71.3 billion, well ahead of Comcast’s $65 billion offer one week ago and its initial $52.4 billion deal in December.
Disney’s cash-and-stock offer raises its bid for Fox to $38 per share, a 35 percent increase over its initial $28 per share offering in December, and ahead of Comcast’s all-cash offer of $35 a share.
Fox
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