Disney Has Now Outbid Comcast With A Massive $71.3 Billion Offer For 21st Century Fox's Assets

Disney Has Now Outbid Comcast With A  Massive $71.3 Billion Offer For 21st Century Fox's Assets

We found out yesterday that Disney was expected to make another bid for Fox's assets, & news has just broke that the House of Mouse has now topped Comcast's most recent offer with a whopping $71.3 Billion.

It looks like Comcast is going to have to max out its credit card if it hopes to compete with the Mouse House!

Reports are coming in that The Walt Disney Company has signed an amended acquisition agreement with 21st Century Fox for $71.3 billion in cash and stock, topping Comcast's most recent offer of $65 billion.

Here's a statement from Disney's Chairman and Chief Executive Officer Bob Iger:


“The acquisition of 21st Century Fox will bring significant financial value to the shareholders of both companies, and after six months of integration planning we’re even more enthusiastic and confident in the strategic fit of the assets and the talent at Fox. At a time of dynamic change in the entertainment industry, the combination of Disney’s and Fox’s unparalleled collection of businesses and franchises will allow us to create more appealing high-quality content, expand our direct-to-consumer offerings and international presence, and deliver more personalized and compelling entertainment experiences to meet growing consumer demand around the world.”

So, in layman's terms, Marvel would get The X-Men and Fantastic Four back.

In all seriousness, this doesn't mean that Disney has secured those assets by a long shot, as Comcast seems just as determined to nab them, and the final decision obviously lies with Fox.

There's a possibility we could hear more on this later today, so keep an eye on CBM for updates.
DISCLAIMER: Comic Book Movie is protected under the DMCA (Digital Millenium Copyright Act) and... [MORE]
Related Headlines
RAYA AND THE LAST DRAGON Review; A Near-Perfect Mix Of Delightful Visuals And Fantasy Storytelling

RAYA AND THE LAST DRAGON Review; "A Near-Perfect Mix Of Delightful Visuals And Fantasy Storytelling"

Raya and the Last Dragon arrives in theaters and on Disney+'s "Premier Access" this Friday, but how does Disney Animation's latest movie stack up against the studio's other classics? Here's our verdict...
LUCA: Check Out A Poster For Disney-Pixar's Latest Animated Adventure; First Trailer Tomorrow

LUCA: Check Out A Poster For Disney-Pixar's Latest Animated Adventure; First Trailer Tomorrow

Disney has released the first poster for Pixar's Luca, an upcoming animated adventure set on the Italian Riviera, which focuses on a boy and his best friend... who might just be a sea monster.
MYTH: A FROZEN TALE - Disney Returns To Arendelle With The 2D Streaming Premiere Of Its Magical VR Experience

MYTH: A FROZEN TALE - Disney Returns To Arendelle With The 2D Streaming Premiere Of Its Magical VR Experience

This Friday, get ready for a return trip to Arendelle as the VR short Myth: A Frozen Tale, which features the voice talents of Westworld star Evan Rachel Wood, makes its exclusive 2D debut on Disney+!
Latest Headlines
ANT-MAN 3 Drops Actor T.I. From Cast Amid Multiple Sexual Assault Allegations

ANT-MAN 3 Drops Actor T.I. From Cast Amid Multiple Sexual Assault Allegations

Ant-Man and The Wasp: Quantumania was going to see the return of T.I. as Dave, but it looks like the actor/rapper has now been dropped from the cast amid multiple sexual assault accusations...
SECRET INVASION Casting Call May Hint At The Villain Of Marvel's Upcoming Disney+ Series

SECRET INVASION Casting Call May Hint At The Villain Of Marvel's Upcoming Disney+ Series

As far as we know, Marvel's Secret Invasion is still set to begin shooting later this year, and a new casting call may offer some hints about the show's villain and two supporting characters...
OBI-WAN KENOBI Disney+ Series Adds GAME OF THRONES & LUTHER Actress Indira Varma

OBI-WAN KENOBI Disney+ Series Adds GAME OF THRONES & LUTHER Actress Indira Varma

Some more casting news for the upcoming Obi-Wan Kenobi Disney+ series here, as Game of Thrones and Luther star Indira Varma is set to join Ewan McGregor in the Star Wars show in an undisclosed role...
LOKI Promo Art Provides A New Look At The God Of Mischief; May Confirm Some Plot Details

LOKI Promo Art Provides A New Look At The God Of Mischief; May Confirm Some Plot Details

Some new Loki promo art has been revealed via official tie-in merchandise, and in addition to giving us another glimpse of Tom Hiddleston's God of Mischief, it may confirm some rumoured plot details...
TOM & JERRY Review; A By The Numbers Version Of The Duo Likely To Only Get Laughs Out Of Younger Viewers

TOM & JERRY Review; "A By The Numbers Version Of The Duo Likely To Only Get Laughs Out Of Younger Viewers"

Tom & Jerry is now streaming on HBO Max, and while it's exceeded expectations at the box office, this is a movie that will probably appeal only to kids, and not any longtime fans of the iconic double act.
San Diego Comic-Con In-Person Convention Cancelled; Will Go Virtual Again In 2021

San Diego Comic-Con In-Person Convention Cancelled; Will Go Virtual Again In 2021

We had hoped things would be back to normal by the time the event was scheduled to take place, but San Diego Comic-Con will go virtual again for the second year in a row. Check out the official statement.