Business

Disney ups bid for 21st Century Fox to $71.3 billion

By Joe Williams
Published June 20, 2018 12:44pm ET
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Disney ups bid for 21st Century Fox to $71.3 billion
FILE-In this photo Feb. 6, 2012, file photo, the Disney Soda Fountain & Studio Store marquee is seen on Hollywood Boulevard in Los Angeles. The Walt Disney Co. said Tuesday, June 5, 2012, its programming will no longer be sponsored by junk food, becoming the first major media company to ban such ads for its TV channels, radio stations and websites intended for children. (AP Photo/Damian Dovarganes) | Damian Dovarganes

Facing pressure from cable giant Comcast, the Walt Disney Co. on Wednesday increased its bid to acquire 21st Century Fox to $71.3 billion in cash.

Fox, in a statement, called Disney’s offer “superior” to Comcast’s $65 billion all-cash offer.

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Comcast Entertainment Mergers and Acquisitions