21 JUN

Sorry, Comcast: Fox and Disney sign new merger deal, rejecting Comcast bid

The Walt Disney Company and 21st Century Fox have struck a new merger agreement, with Fox’s leadership having rejected Comcast’s attempt to outbid Disney.

Under the amended acquisition agreement announced today, Disney would buy Fox for $ 71.3 billion in cash and stock. This comes one week after Comcast offered Fox $ 65 billion in cash, which topped Disney’s previous deal to buy Fox for $ 52.4 billion in stock.

Comcast could try to outbid Disney again, but it hasn’t yet responded to today’s announcement of a new Disney/Fox deal.

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.