Analysis: Bull case for Comcast (CMCSA) as Disney’s bid was better than expected.
by Volt52121 Overview: Disney’s new $38 offer for Fox assets was stronger than what most sell-side expected and will be difficult for Comcast to beat. I do not believe that Comcast can raise its bid to above $42 in an all-cash deal (implies levering to 5x, would be difficult to de-lever to below 3x in the following … Read more