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NEW YORK: Your move, Disney. After Comcast Corp made a US$65bil bid on Wednesday for 21st Century Fox Inc’s entertainment assets – the same holdings that Walt Disney Co had agreed to buy for about US$52.4bil – the Mouse House is under pressure to respond.
DISNEY always gets its happily ever after. Comcast Corp backed down from its pursuit of Rupert Murdoch’s 21st Century Fox Inc on Thursday morning, allowing Walt Disney Co to proceed with its own US$85.1bil acquisition of the assets, for which Disney has already obtained regulatory clearance (figure includes assumed debt).
NEW YORK: Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc for $52.4 billion (£39 billion) in stock, giving the world's largest entertainment company an arsenal of shows and movies to combat growing digital rivals Netflix Inc and Amazon.com Inc.
LOS ANGELES: Once again, Walt Disney Co. is at odds with “Star Wars” fans.
SHANGHAI: As he opened an expansion to what is proving to be one of Walt Disney Co’s most successful theme parks, CEO Bob Iger said the US$5.5bil Shanghai Disney Resort will keep expanding to satisfy Chinese consumers’ “strong and growing demand for high quality themed entertainment.”
LONDON: Walt Disney Co is keeping its options open regarding European broadcaster Sky Plc.
Comcast Corp offered US$65 billion (£48.5 billion) on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co, launching the first salvo with its 20 percent higher offer and setting up a bidding war between two of the largest U.S. media companies.
LOS ANGELES: ESPN was once considered the crown jewel of Walt Disney Co, the gem in a TV line-up that generated more than 70% of the company’s annual operating profit.