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Why Disney’s $20 Billion Repurchase Program Is in Doubt

Rachel Gunter
Why Disney’s $20 Billion Repurchase Program Is in Doubt

In December, Walt Disney (DIS) said it was planning to buy back as much as $20 billion worth of its own shares. Disney raised its bid for Fox assets and threw in cash as well to help it ward off competition from Comcast (CMCSA). Despite the rejection of its original bid for Fox, Comcast has put on a spirited fight for the same Fox assets that Disney has also proposed to purchase.