May 8, 2018
Disney rides Black Panther to profit
The blockbuster Black Panther loaned some of its superhero powers to Walt Disney in the most recent quarter, boosting the firm's bottom line. The firm reported its earnings amid questions about its plans to buy the bulk of 21st Century Fox's business. Disney last year announced a deal to buy that firm's entertainment business valued at more than $66bn, including debt. A major US pay-TV and internet provider, is also said to be preparing a cash bid for other 21st Century Fox assets, in a challenge to the rest of Disney's plan. Comcast had been interested in Fox last year, but was reportedly rebuffed in favour of Disney due to anti-trust concerns.
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