Walt DIsney beats Comcast's bid for Fox assets (Topic)

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Walt DIsney beats Comcast's bid for Fox assets


Walt Disney easily outbid Comcast in a dispute over assets of 21st Century Fox. According to The Hollywood Reporter, instead of $ 52 billion, it is ready to offer Fox owners $ 71.3 billion. Part of the amount in the form of own shares, part - in cash.

Given the debts of 21st Century Fox, the total costs of Walt Disney could be about 85 billion dollars, that is, about the same amount that AT & T for Time Warner assets. As a reminder, Walt Disney's rival Comcast previously offered $ 65 billion.

"The 21st Century Fox acquisition will bring significant financial benefits to shareholders of both companies. After six months of planning integration, we are even more confident in the strategic benefits of acquiring Fox's assets and talent. In a time of dynamic change in the entertainment industry, the combination of unprecedented collections and franchises from Disney and Fox will enable us to create more engaging, high-quality content, expand our international presence, and deliver more personalized entertainment content to meet growing consumer demand around the world, "the chapter said in a statement. Bob Iger's Walt Disney.

The Topic of Article: Walt DIsney beats Comcast's bid for Fox assets.
Author: Jake Pinkman