Walt Disney Company Seeks Financing In Case Fox Insists On Cash


Walt Disney Company

Last week, we reported that Comcast confirmed their intention of outbidding Disney for 21st Century Fox with an all-cash offer.

We’ve just learned [from CNBC] that Disney is currently in the process of lining up financing for “significant cash” should it become necessary to supplement or change up their existing stock-only offer. Disney is reportedly considering whether they will add cash to their current bid or if they’ll merely shift the distribution of the bid to include cash.

As CNBC notes, “Disney’s all-stock offer has been viewed more favorably because the assets could be spun off tax-free.” If the AT&T/Time Warner merger is approved by the government, Comcast will proceed with their offer to outbid Disney.

Source: CNBC




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