Disney to buy Fox for $71 billion, tops Comcast's bid
Media mogul Rupert Murdoch-led 21st Century Fox on Wednesday accepted a revised $71.3 billion half cash and half stock bid from Walt Disney for its entertainment assets. The amended agreement follows Comcast's unsolicited $65 billion offer for the company. Disney also plans to take on Fox's $13.8 billion net debt, which would increase the transaction value to $85.1 billion.