On this week’s The Drill Down podcast, Uber releases its IPO, China uses AI to profile minorities, Samsung‘s new phone prospects fold after reviews, New Next gen-consoles, and all the details of Disney‘s new streaming service Disney+, and much more.
For the past few months, The Walt Disney Company and Comcast have been engaged in a bidding war over 21st Century Fox‘s entertainment assets.
It was just a few weeks ago now that Disney upped their bid to $71 billion, essentially making it impossible for Comcast to top them. And now Comcast, which already owns Universal Pictures, is bowing out. Check out the full story, below.
The fight over 21st Century Fox‘s entertainment assets is over. And it looks like the Marvel Cinematic Universe has the potential to get a lot bigger.
New reports confirm that the Department of Justice has approved of The Walt Disney Company‘s $71 billion offer to acquire Fox’s entertainment assets. This includes TV and film properties. More on the story below.
There is a bidding war over who gets to own 21st Century Fox‘s entertainment assets. Recently Comcastmade an all-cash offer of $65 billion to acquire Fox’s entertainment assets. This was significantly higher than The Walt Disney Company‘s not-so-official, as it turned out, $52 billion offer. At which point, Disney had only a few days to match or bring in a higher bid.
And according new reports, the Mouse House has done just that. The studio has recently sweetened their deal by adding some cash of their own to the previous stock-offer. This will take their total bid to $71 billion. Not only that, but it appears that Fox has accepted the deal. More on the story below.