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Comcast offers $35 a share for 21st Century Fox assets

Comcast Corp. CMCSA, -0.19% offered 21st Century Fox Inc. FOX, +7.48% $35 a proportion in cash for assets that it had agreed to sell Walt Disney Co. DIS, +1.90% Comcast mentioned late Wednesday. The be offering is a 19% top rate over Disney's be offering and values Fox at $65 billion. "In light of yesterday's decision in the AT&T/Time Warner case, the limited time prior to your shareholders' meeting, and our strong continued interest, we are pleased to present a new, all-cash proposal that fully addresses the Board's stated concerns with our prior proposal," Comcast Chief Executive Brian Roberts wrote in a letter to Fox executives. Comcast mentioned it'll host a choice with buyers at four:45 p.m. Eastern time Wednesday. Comcast inventory is down 1% after-hours buying and selling and closed up 0.2% to $32.32 all over the common consultation. Fox class B stocks are up greater than 1% in after hours buying and selling after remaining up 7.five% to $43.41 all over the common consultation. Comcast inventory is down 19% this 12 months, as the S&P 500 index SPX, -0.40% has gained four.2%.