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Mergers: Comcast to aquire Twenty-First Century Fox
  • PHILADELPHIA--(BUSINESS WIRE)--Jun. 13, 2018-- Comcast Corporation (Nasdaq: CMCSA) issued the following statement:

    Today, Comcast Corporation (“Comcast”) delivered a letter to the Board of Directors of Twenty-First Century Fox, Inc. (“21CF”) setting forth the terms of a superior proposal by Comcast to acquire the businesses that 21CF has agreed to sell to The Walt Disney Company (“Disney”) for $35.00 per share in cash, which represents a premium of approximately 19% to the value of Disney’s all-stock offer as of 12:00 p.m., noon (Eastern Time) on June 13, 2018. The structure and other terms of Comcast’s proposal, including with respect to the spin-off of “New Fox” and the regulatory risk provisions and related termination fee, are at least as favorable to 21CF shareholders as the Disney offer.

    https://www.cmcsa.com/news-releases/news-release-details/comcast-makes-superior-all-cash-proposal-acquire-twenty-first