Disney Expected To Up Their Fox Studios Bid

A deal to divest the whole of Sky, including Sky News, to Disney was struck by the Fox-owner Rupert Murdoch in December a year ago.

Disney will also be restricted from selling Sky News for 15 years without the agreement of the Culture Secretary and, in addition, gave a formal commitment to preserve the editorial independence of Sky News. Disney seems to want the Fox Studios movie and TV assets, which is an obvious fit.

"In my view, these revised undertakings ... will help to ensure that Sky News remains financially viable over the long term", said Hancock.

Mr Hancock is now obliged to consult formally for 15 working days on the commitments made by Disney which, he said, he proposed to accept.

New installments in the ongoing Fox-Disney merger saga are becoming as numerous as the films the expanding MCU catalog itself, and with stock prices that fluctuate on news of this kind, there's more in play with Fox's choice of a suitor than the mere cash valuation of the offer it selects.

Comcast is in a separate sparring match with Fox over Europe-based broadcaster Sky: Comcast in April offered $31 billion for Sky, in which Fox holds a 39% stake.

Poland take on Senegal at Spartak Stadium
Defenders: Jan Bednarek, Bartosz Bereszynski, Thiago Cionek, Kamil Glik, Artur Jedrzejczyk, Michal Pazdan, and Lukasz Piszczek. A round of 16 appearance in 1986 marked the end of an era, and Poland spent the next decade out of the World Cup.

Matt Hancock has said he would approve Murdoch's £11.7bn bid to take control of the 61% of Sky he doesn't already own as long as Murdoch sells off Sky News to an appropriate buyer - and then underwrites its funding for another 15 years.

Now it's again reported that Disney will up their offer, which will consist of added cash to their existing all-stock bid.

If the Fox purchase price rises due to the Disney-Comcast bidding war, then "Disney's value would be negatively impacted as it would reduce the incremental value the company should be able to generate from synergies associated with the acquisition", wrote Pivotal's Brian Wieser, in a note acquired by Fast Company.

Sky's board is not now recommending either the Fox or the Comcast offer to its shareholders.

The board of directors at 21st Century Fox already had planned to meet Wednesday to weigh Comcast's offer, Variety reports, adding that part of the original Disney deal allows the Mouse House "to make a new bid, and...be given five days to submit a new proposal".

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