Fox's board met Wednesday and was understood to be weighing the price tags of bids for the Fox assets that are for sale along with tax bills, which are higher for cash bids, regulatory concerns and other issues.
The new offer shoulders Comcast's bid out of the way as Disney looks to lock up Fox, which is home to marquee franchises like X-Men, Deadpool, Kingsmen, and Planet of the Apes; animated films like Ice Age; and TV assets like The Simpsons and edgy network FX. Disney will also assume about $13.8 billion of net debt of 21st Century Fox.
Mr Murdoch, whose family trust has an economic interest of 16.6% in Fox, stunned the media industry when, just before Christmas previous year, he agreed to sell most of the company to Disney in a deal that would represent the biggest shake-up in Hollywood since the 1930s - bringing together respectively the fourth and second largest movie studios in Tinseltown. It's not a one-to-one split: Roughly every four Fox shares would get you one Disney share. Fox CEO Rupert Murdoch said the company "firmly believes" that the combination with Disney is a good fit.
At stake is such Fox assets as FX Networks, National Geographic, a 30-percent stake in Hulu, a 31.9-percent stake in United Kingdom pay-TV and broadband provider Sky, and the 20th Century Fox film and television production studios, which include the movie rights for the X-Men, Fantastic Four and Deadpool, among other properties.
From beach football to Brazil captain, Marcelo living World Cup dream
Tite said midfielder Fred, newly signed by Manchester United, is still recovering from an ankle injury and is the team's only doubt.
It remained unclear whether Comcast would increase its bid, which was announced as an all-cash deal in a bidding war that will leave a top player in Hollywood and the global television market.
For all the certainty Iger projects, many observers believe the Disney-Fox-Comcast intrigue is in early innings. It's now offering $38 per Twenty-First Century Fox share, up from $28 per share. He also made a point to highlight how approval friendly a Fox Disney deal is, especially compared to a potential Comcast Fox deal, despite the Time Warner AT&T ruling. There is a provision that allows Fox shareholders to decide if they want payment in stock or in cash.
A Comcast representative declined to comment, but analysts and investors widely expect a counterbid from the largest USA cable company and owner of NBC Universal.
The mouse is chasing the fox.
But the NY company said it is still weighing both offers and noted that Disney's new bid doesn't bar Fox from considering other offers.