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Comcast presents $65B all cash bid for 21st Century Fox

It’s a 19% premium on Disney’s current bid for the company.

Comcast presents $65B all cash bid for 21st Century Fox
[Photo: courtesy of Comcast]
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Comcast today sent a letter to Twenty-First Century Fox’s board of directors, presenting a $65 billion all cash bid for the company. That is $35-per-share, and a 19% premium on the Walt Disney Company’s current bid on the company.

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In the letter to shareholders, Comcast said it was “disappointed” by the company’s decision to enter into a transaction with Disney. It went on to discuss yesterday’s decision to approve the AT&T/Time Warner merger; “[i]n light of yesterday’s decision in the AT&T/Time Warner case, the limited time prior to your shareholders’ meeting, and our strong continued interest, we are pleased to present a new, all-cash proposal that fully addresses the Board’s stated concerns with our prior proposal.”

This story is still developing and will be updated as more details come to light.

About the author

Cale is a Brooklyn-based reporter. He writes about many things.

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