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Why Disney’s Bid for Fox Could Have Edge over Comcast’s Bid

Why Disney’s Bid for Fox Could Have Edge over Comcast’s Bid

Walt Disney (DIS) recently won the endorsement of two influential proxy advisers for its $71.3 billion bid for the media and entertainment assets of Twenty-First Century Fox (FOXA). Firms such as Institutional Shareholder Services (or ISS) and Glass Lewis are backing Disney’s deal for Fox assets and therefore recommend Fox shareholders vote in favor of the Disney transaction during the scheduled July 27 investor meeting.