Disney ups its bid for Fox to counter Comcast

Disney sweetened its bid for 21st Century Fox today, raising it to USD 71.3 billion in cash and stock to counter a rival bid from Comcast.

Disney's amended offer of USD 38 per share comes a week after Comcast, the largest US cable provider and owner of NBCUniversal, bid USD 65 billion for prized 21st Century Fox assets being shed by Rupert Murdoch's family empire.