Comcast Makes $65 Billion All-Cash Bid for Fox

The aggressive maneuver, if successful, would marry Comcast’s NBC broadcast network and the Universal movie studio with the FX cable network, 20th Century Fox, a lucrative group of regional sports networks and a stake in British satellite broadcaster Sky. Comcast said its offer was valued at $35.00 per share in cash, representing a premium of approximately 19% to the value of Disney’s all-stock offer. Fox late Wednesday afternoon confirmed it had received the offer, but made no additional comment. – Brian Steinberg, Variety https://ift.tt/2JDSpXx
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