Disney Ups Its Bid for Fox to a Whopping $71.3 Billion

The bidding war for 21st Century Fox continues. Last week, Comcast made a $65 billion all cash offer for the company, but now Disney has answered back. Variety reports that Disney is raising its offer to $71.3 billion in cash and stock. Per Variety: Disney said it would now pay $38 per share for Fox, up from its initial bid of $28 per share. The deal would be about 50% cash and 50% stock, and debt would be used to partly finance the transaction.   Despite the sweetened offer, Fox’s board said it retained the right to weigh …

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