LogFAQs > #903721704

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Topic"21st Century Fox has accepted Disney's bid of more than $71.3 billion for
Tyranthraxus
06/21/18 7:52:41 PM
#23:


Hinakuluiau posted...
While it is likely Disney will buy Fox, just because they accepted the bid does not mean that the sale is final.

Think of it like you selling a car to your brother and sister. Your brother offers $1k and your sister offers $2k. You don't want to sell it for less than $5k so you reject both. Your sister then offers $6k and you accept, but you'll sell it to your brother if he ups it to $7k.

Either way, this sucks because there should be more competition, not less.


Comcast's original offer was already going to give them more debt than any other company in the world right now. They're not going to up that bid further. It's possible someone like Apple might step in to buy them but I doubt it.
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