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Walt Disney raises bid for Fox assets to $38 per share

Updated : June 20, 2018 06:17 PM IST

The new Disney offer, which would be in cash or stock divided proportionately, is about $10 higher than Disney's first bid in December 2017.
Disney's latest offer is "superior" to the proposal made by Comcast, Fox said in a statement.
Fox said it will postpone its special shareholders meeting in order to provide stockholders the opportunity to evaluate Disney's amended offer.
Walt Disney raises bid for Fox assets to $38 per share
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