Murdoch May Get Billions by Picking Disney Stock Over Comcast Cash

•Disney offer worth $2.6 billion more to family because of tax •Deal with choice of cash or stock to be considered July 27

Cash may be king butWalt Disney Co.’s stock-based offer for21st Century Fox Inc. entertainment assets could give it a $3.5 billion edge overComcast Corp.’s rival bid.Comcast’s $65 billionall-cashdeal could stick Rupert Murdoch and his family with an upfront federal tax bill of $2.6 billion for their 17 percent stake, compared with no taxes now for Disney’s $71 billion cash-and-stock offer if Murdoch takes his entire payday in Disney stock. That -- along with Disney’s higher ...