Walt Disney increased asset valuation of 21st Century Fox to 71 billion dollars

Walt Disney raised the offer to buy 21st Century Fox assets, increasing their estimate by one third - to 71 billion dollars. The company raised the amount for assets to Fox shareholders by $10 to $38 per share. This amount exceeds the competing offer from the media company Comcast by $3. Shareholders of Fox can choose whether to receive this amount in the form of cash or Disney shares. The deal will become one of the largest mergers of media companies in the history and will help Disney compete with Internet services such as Netflix. Receipt of a 39 percent stake in Sky's television channel will substantially increase the presence of Disney outside the United States.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: