Rising Share Price Strengthens Disney's Bid for Fox Assets
(Bloomberg) -- As Rupert Murdoch considers a response to Comcast Corp.’s $35-a-share cash proposal for 21st Century Fox Inc.’s entertainment assets, it’s worth noting that Walt Disney Co.’s offer has strengthened with its share price.
Shares in Disney, which agreed on its deal with Fox in December, rose more than 2 percent in New York on Thursday, to about $108.75.
That uptick means Disney’s all-stock offer for the Fox assets is worth about $29.85 per share, narrowing the premium Comcast has offered to pay to about 17 percent from the 19 percent that it had announced on Wednesday.
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