Comcast makes $65 billion offer for 21st Century Fox assets as bidding war with Disney heats up (FOXA, CMCSA, DIS)
REUTERS/Rick Wilking
- Comcast on Wednesday officially bid $65 billion for 21st Century Fox, topping Disney's $52 billion offer.
- The proposal comes one day after a court approved AT&T's $85 billion merger with Time Warner.
Comcast made its highly anticipated bid for 21st Century Fox official on Wednesday, offering $65 billion for the company, excluding the Fox News and Fox Business channels.
The bid, $35 per share in cash, is roughly 24% higher than Disney's previous offer of $52 billion for the company's production assets and movie franchises.See the rest of the story at Business Insider
NOW WATCH: Why so many fast food logos are red
See Also: