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

[June 20, 2018]  (Reuters) - Twenty-First Century Fox Inc <FOXA.O> said on Wednesday Walt Disney Co <DIS.N> raised its offer for Fox assets to $38 per share.

The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan borough of New York City, New York, U.S., June 15, 2018. REUTERS/Eduardo Munoz

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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