June 20, 2018 / 12:15 PM / 3 months ago

Walt Disney raises bid for Fox assets to $38 per share

June 20 (Reuters) - Twenty-First Century Fox Inc said on Wednesday Walt Disney Co raised its offer for Fox assets to $38 per share.

The new offer, which is in the form of cash or stock, subject to 50/50 proration, is about $10 higher than Disney’s first offer in December 2017. (Reporting by Sheila Dang in New York and Munsif Vengattil in Bengaluru Editing by Saumyadeb Chakrabarty)

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