Comcast bids $65 billion for chunk of Fox empire

Comcast — which owns Universal Orlando Resort and its theme parks — wasted no time in making its rumored all-cash bid for 21st Century Fox assets a reality on Wednesday, and formalized its offer of $35 per share or about $65 billion for a chunk of the entertainment company.

The offer, about $5 billion more than initially expected for the assets and 19 percent higher than Disney's, now kicks off what experts predict will become a bidding war between the Philadelphia-based company and longtime…...

0 Published By - San Francisco Business Times - Technology News - 2018.06.13. 22:53
Share |