Walt Disney Increases Bid For 21st Century Fox To $71 Billion

Walt Disney has come very much close to winning the bid to buy over 21st Century Fox's entertainment assets after outbidding it competitor Comcast Corp by increasing its offer to $71.3 billion.
The new offer presented is precieved to be better than all-cash $65 billion offer from Comcast because it will be purchasing stake in Fox by $38 per unit share ($10 more than previous offer), which is also inclusive of taking up it $13.5 billion debt, and that rounds up the offer at £85 billion for 21st Century Fox with the market value of $87.9 billion.
This aggressive bid is an of offer 50/50 cash and stock payment deal, and stands much more favouring than Comcast's all-cash deal offer of $65 billion in challenged to Disney's previous offer of all-stock payment deal of $52.4 billion.
In spite of Fox accepting the offer from Disney, it leaves a live line to Comcast to counterbid having reportedly postponed its shareholders meeting slated for July 10, but Bloomberg analyst Paul Sweeney believes further moves can put Comcast in serious debt and would not want to risk using it stock either which has falling by 18% .
"Comcast's balance sheet may preclude it from bidding much higher," Sweeney cited "Further hampering Comcast's ability to respond is its position that it does not want to use its stock in a deal at these low levels."
The winner of the deal will control substantial part of 21st Century including Marvel franchises and every other franchises that belong to its studios, Simpson, National Geographic, FX, sport network and many other