Disney has increased its offer for 21st Century Fox of $71.3 billion in cash and shares, from a previous $52bn offer.
The move values the Fox for $ 38 per share, about $10 more than the Disney first offered in the month of December.
Disney is locked in a battle with US media conglomerate Comcast, which has offered $65bn in cash for Fox.
“The acquisition of 21st Century Fox will bring significant financial value for the shareholders of both companies,” said Disney boss Robert Iger.What does he want?
Disney and Comcast are vying for the Fox entertainment activities, including movie studio, cable channels, National Geographic, a 30% stake in the video website Hulu, the Indian and the Star network.
The pair is also separately fighting on the European news broadcaster Sky News.
Fox should keep some of the successful experiences of sale, including Fox Sports, Fox News, Fox Television Stations and other assets, and the mold into a new company called “New Fox”.Because they want to Fox?
The struggle for the 21st Century Fox comes as traditional media groups scramble to consolidate in the face of mounting competition from online competitors like Netflix and Amazon.
He pushed broadcast giant CBS to try to merge with Viacom, owner of MTV and Nickelodeon television stations.
Is also stimulated the AT&T acquisition of Time Warner, whose activities include pay TV channel HBO.What happens now?
The best offer from Disney has come up as 21st Century Fox’s board was set to decide whether to run Comcast’s offer for the activities that include Fox film and television studios and international companies.
Fox said that it would now allow shareholders to assess Disney’s amended offer.
Disney’s latest offer is “superior” to the proposal made by Comcast, Fox added in a statement.
What can WE do regulators say?
Any acquisition by Disney, or Comcast would likely face regulatory scrutiny.
The Department of Justice have recently lost in its battle to block the merger between Time Warner and the telecom giant AT&Tm but this does not mean that can not be antitrust concerns in this case.There is something else Sky News the corner?
As mentioned, alongside the main battle for the Fox, there is no battle on Sky News. 21st Century Fox wants to buy the remaining share of Sky News that is not already in possession.
In the meantime, Comcast has an offer of € 31bn for Sky News.
And Disney has also accepted an agreement in principle to acquire the Sky News network Fox, the second should be able to get the full ownership of Sky. What is the government of the UNITED kingdom say about Sky?
Culture Secretary Matt Hancock recently cleared Fox’s bid for full ownership of Sky – with the condition that the news channel is later sold to Walt Disney or any other party.
On Tuesday, Mr Hancock announced that Disney would be successful in the acquisition of Sky News, then the news network would continue to operate and to be guaranteed for at least 15 years.
That is an increase compared to the previous period of 10 years.
He also said that Disney would have had to get permission from the government if you wanted to sell the channel during that period.