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Comcast prepares to top Disney's $50 billion offer for Fox

Updated : May 24, 2018 06:40 AM IST

Disney in December offered stock then worth $52.4 billion to buy Fox's film, television and international businesses as it bids to beef up its offering against streaming rivals Netflix Inc and Amazon.com Inc.
Disney shares have fallen nearly 3.3% since, reducing the value of the offer to just over $50 billion.
After a sale, Fox's remaining assets will include Fox News, Fox Business Network and sports cable networks.
Comcast prepares to top Disney's $50 billion offer for Fox

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