Disney expected to bid cash for Fox assets to counteract Comcast bid

Marvel Comics

The ongoing saga of just who will buy 20th Century Fox continues.

Following Disney’s bid to become majority shareholder of the company Comcast countered with a cash bid of $65 billion.

Now CNBC is reporting that Disney is preparing a further offer to help secure assets from the deal. Disney is expected to revise its original offer to purchase the majority of 21st Century Fox by adding cash to its bid.

Fox executives are to hold a board meeting on Wednesday to discuss Comcast’s latest bid. Should Fox decide to engage in talks with the company, Disney would then have five days to match Comcast’s offer. It is at this stage Disney is expected to add cash to its offer in order to keep the current deal on track to complete in summer 2019.

Watch as this story continues to unfold…

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About Neil Vagg 3169 Articles
Neil is the GYCO Editorial Chief. He has a BA in Film & Tv and an MA in Scriptwriting; he currently works 9-5 as an office manager and 5-9 as a reviewer/web designer. He has been subscribing to comics for around nine years but has been reading them as long as he can remember. Favourite comics: Batman; Nightwing, Buffy the Vampire Slayer, Teenage Mutant Ninja Turtles and All New X-Men Favourite films: Batman (any apart from & Robin); Star Trek Generations, Underworld, Beetlejuice Favourite TV shows: Fringe; Buffy, Arrow, TBBT, Being Human UK and Star Trek TNG