Fox board accepts Disney’s updated $71.3BN offer for media assets

Rupert Murdoch and his fellow directors have accepted the Walt Disney Co’s updated $71.3 billion offer for the media assets of 21st Century Fox.

An amended acquisition agreement has upped the ante in Disney’s duel with Comcast, offering $38 per share in cash and stock. Disney will acquire 21st Century Fox immediately following the spin-off of the businesses comprising ‘New Fox’ as previously announced – though Comcast still has time to counter-offer.

Source: Fox board accepts Disney’s updated $71.3BN offer for media assets

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