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.
Alibaba extends help to firms hit by coronavirus spread, offers $2.86 billion in loans03.02.2020
Shanghai stocks decline $370 billion in market cap as virus fears hit Chinese markets03.02.2020
China to boost liquidity as market reopens Monday, to put in $174 billion30.01.2020
CalTech wins $1.1 billion patent case against Apple, Broadcom