Fox Accepts New Disney Acquisition Offer

In a blow to Comcast, Fox has accepted a new offer from The Walt Disney Co. to acquire 21st Century Fox’s entertainment assets for $71.3 billion in cash and stock.

The new $38-per-share acquisition offer gives 21st Century Fox shareholders the option to elect cash or stock in the combined entity, Disney announced.

Click here to read today’s announcement from Disney.

“The $38-a-share price is about $10 a share higher than what Disney offered in December — and $3 above Comcast’s bid...

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