Disney has increased its offer for 21st Century Fox to $71.3bn in cash and shares, up from an earlier $52bn offer

Disney raises bid for Fox assets to $38 per share from CNBC.

Disney raises bid for Fox assets to $71.3 billion in cash and stock, topping Comcast

The new bid rivals Comcast’s $35 a share all-cash bid last week, in a deal that would be valued at $65 billion.
Fox called the new Disney offer “superior” to the Comcast proposal made last week.
Fox’s Rupert Murdoch said in statement, “We remain convinced that the combination of [Fox’s] iconic assets, brands and franchises with Disney’s will create one of the greatest, most innovative companies in the world.”