Twenty-First Century Fox Inc said on Wednesday that Walt Disney Co has raised its offer for Fox assets to $38 per share, topping Comcast Corp’s $35 a share offer last week.
Fox board is set to decide whether to entertain Comcast $65 bn cash bid for New York-based media company or stick with its roughly $52 bn all-stock offer from Disney.
EU antitrust regulators have given the green light to U.S. cable company Comcast’s (CMCSA.O) plan to acquire European pay-TV group Sky (SKYB.L) without demanding concessions.
Comcast’s proposal, widely expected later in the day, will upend Fox’s $52 billion all-stock deal to be bought by Walt Disney.
At 9:55 am ET, the Dow Jones Industrial Average .DJI was up 3.68 points, or 0.01%, at 25,324.41, the S&P 500 .SPX was up 0.75 points, or 0.03%, at 2,787.60.
UK will give its verdict on Rupert Murdoch’s pursuit of Sky later, potentially paving the way for the mogul’s Twenty-First Century Fox to go head-to-head with Comcast.
Murdoch is used to getting his way at the company he built into a media empire. But a challenge to a $52 bn deal he put together 6 months ago could test his sway.
The Federal Communications Commission said in a notice Thursday that landmark 2015 U.S. open-internet rules will cease on June 11.
Shares of Twenty-First Century Fox rose almost 3% after Reuters reported that Comcast Corp was preparing an all-cash bid to rival a deal agreed late last year.
EU antitrust regulators will rule on U.S. cable operator Comcast’s 22-billion-pound ($30 billion) bid for British pay-TV company Sky by June 15, the European Commission said.
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