Fox Board to Consider Comcast Offer During Wednesday Meeting


21st Century Fox board members will discuss the recent $65 billion Comcast bid for their assets at a regularly scheduled meeting next week, according to Bloomberg sources.

Comcast put forth the bid on June 13th, one day after a federal judge approved AT&T’s acquisition of Time Warner. Fox owner Rupert Murdoch had chosen the $52.4 billion Disney deal over Comcast due to concerns of regulatory complications. Comcast has taken the June 12th decision as a good sign that a deal with them would be more likely to pass federal regulatory inspections than previously thought.



The Fox board will weigh the benefits of this new all-cash offer this coming Wednesday; if they decide that it is better than the current Disney all-stock deal, The Walt Disney Company will have five days to come back with a new bid.

This information comes from Bloomberg’s “sources close to the matter” who did not want to be identified.

Source: Bloomberg





REQUEST A NO-OBLIGATION WALT DISNEY WORLD VACATION QUOTE
Dreams Unlimited Travel is committed to providing you with the very best vacation planning experience possible. Let us help you with your next Disney Vacation!

RELATED POSTS: