Disney increases its bid for Fox to $71.3BN

walt disney companyThe Walt Disney Company has upped its bid to acquire 21st Century Fox by 35 % to $71.3 billion, following a rival bid from the Comcast Corporation last week for $65bn (£48.6bn) in cash.

Disney has also moved from of an all-stock deal for Fox, owner of assets including X-Men film studio 20th Century Fox, and a 39% stake in Sky, to a 50/50 mix of cash and shares.

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