NEW YORK (AP) — The mouse is chasing the fox.
Disney is offering more than $71 billion for Fox’s entertainment businesses in a counterbid to Comcast’s nearly $66 billion
offer .
[...]
Disney’s
original all-stock offer in December was for $28 per Fox share. That offer is now valued at $52.6 billion based on the latest number of outstanding shares provided by Fox. Comcast countered last week with a $35-per-share all-cash offer, valued at $65.7 billion based on the same number of shares. Disney’s new offer of $38 per share, or $71.3 billion, is half cash and half stock.