Disney is now going all in with its efforts to nab 20th Century Fox’s assets and stop Comcast from stealing them out from under.
THR reports that the studio has boosted the value of its takeover agreement for large parts of 21st Century Fox to $71.3 billion in cash and stock (50% of each), up from the previously agreed upon $52.4 billion in stock alone.
Including the assumption of $13.8 billion in debt, the value of their deal now rises to a total of $85.1 billion. That easily trumps Comcast’s $65 billion all-cash offer made on June 13th. The new Disney-Fox deal is reportedly worth $38 per share in cash and stock.
Fox on Wednesday also postponed a planned shareholder meeting that had been scheduled for July 10th to vote on the Disney deal in a potential sign that the company isn’t ruling out a Comcast counter. Jefferies analyst John Janedis says the bidding could go as high as $80 billion if Comcast and Disney continue to battle for Fox.