Disney raises bid for Fox to 71.3 Billion

[staticshock]

Basically proves my thinking right that while getting almost all of their Marvel shyt back is nice (because at this point, Sony would be stupid to give Spider-Man up), the biggest driver of this deal was probably getting controlling stake of Hulu. Assuming this gets approved, Disney is officially unfukkwithable.

Fox, ABC, ESPN
Disney aint fukkin around

 

[Take It In Blood]

we bike in business


Galactus finna swag his nutts on The Avengers


Storm is coming to Wakanda

 

[ThaEruditious]

Yo Disney is NOT fukkin around. Just flat out shat on Comcast's offer

People don’t truly understand how powerful this company will be once it’s approved. Hollywood will be dominated by this move, but rather them and not Comcast.

This.

 

[Kingshango]

Make it official Iger.

 

[CarltonJunior]

I mean for Disney this deal will pay for itself. Not so sure what Comcast is after besides diversifying.

 

[Legal]

Fox, ABC, ESPN
Disney aint fukkin around

They're not getting the Fox broadcast network out of this, though, since legally they can't own more than one broadcast network. They're getting the Fox regional sports networks though, but they might need to give them away to get the deal approved.

 

[Canon]

bring the xmen home

 

[BXKingPin82]

:homealonemarvel:

 

[hex]

It's not over. Comcast will bid higher.

It’s not official. It’s just a counter offer.

Comcast can and most likely will make another offer.

This will be a bidding war.

While not out of the question, it doesn't seem likely at this point. Rupert Murdoch heavily favors Disney.

Los Angeles Times - We are currently unavailable in your region

Fox said the amended deal is “superior” to the offer made by Comcast. While its board accepted Disney’s offer, the deal is subject to shareholder approval.

Under the new Disney deal, Fox shareholders would receive $38 a share in either cash or Disney common stock, or a 50-50 combination of cash and Disney stock. That’s a 9% premium above Comcast’s offer of $35 a share and about 36% higher than Disney’s original $28 a share bid, Nathanson said.

And as a further inducement to entice Rupert Murdoch and his family and other Fox shareholders, Disney offered to assume $13.8 billion in Fox debt.

“We … firmly believe that this combination with Disney will unlock even more value for shareholders as the new Disney continues to set the pace at a dynamic time for our industry,” Murdoch, Fox’s executive chairman, said in a statement. “We remain convinced that the combination of 21CF’s iconic assets, brands and franchises with Disney’s will create one of the greatest, most innovative companies in the world.”

Disney wants the Fox assets — which include the company’s movie studio, entertainment cable networks and TV production units — to expand its global reach and build a library of content that can be offered as a direct-to-consumer streaming service that can compete with Netflix.

“The acquisition of 21st Century Fox will bring significant value to the shareholders of both companies, and after six months of integration planning we’re more enthusiastic and confident in the strategic fit of the assets and the talent at Fox,” Iger said in a statement.

Iger reportedly met with Murdoch on Tuesday in London to hammer out the new deal.

Fred.

 

[Dominic Brehetto]

While not out of the question, it doesn't seem likely at this point. Rupert Murdoch heavily favors Disney.

Los Angeles Times - We are currently unavailable in your region



Fred.

If Comcast comes in with an offer that Disney can’t match ( and if they really want it,they can go far higher than Disney can) than Comcast will win. The deal will be decided by stockholders as a whole,not just Murdoch. And they aren’t going to turn down an offer for more money just because of his preference. If Disney matched or exceeds any Comcast offer than they will win. But it Comcast comes in say 20% above Disney again and Disney doesn’t match than Comcast will be the winner.

I’m just saying celebrating this as a done deal is silly because as of right now it’s anything but.

I’d watch for another Comcast offer within a week.

 

[FlyRy]

Thank god we can finally get a good X-Men movie

:logan2:

 

[Dominic Brehetto]

Expect another offer

 

[Wargames]

:logan2:

Ok a second good X-Men movie and a good FF movie

 

[DamienWayne]

Don’t want to go bag for bag with Disney

 

[ORDER_66]

I'm hoping disney wins this one, comcast is garbage...