Disney, 21st Century Fox Sign Merger Deal, Despite Comcast Offer
The Walt Disney Company and 21st Century Fox have signed a new merger agreement. The move rejects Comcast's attempt to outbid Disney last week. Disney raised their initial offer of $52.4 billion to $71.3 billion.
Comcast had offered an all-cash bid of $35 a share, which is valued at $65 billion. Comcast could try to outbid Disney again, but they haven't responded to the announcement of the deal yet.