Goodbye MCU X-Men and F4
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>Comcast makes $65 billion offer to steal 21st Century Fox away from Disney
>After weeks of signaling it would do so, Comcast is making a play at 21st Century Fox’s TV and film assets. Hoping to derail Disney’s pending, stock-based $52.4 billion deal with Fox, Comcast is stepping in with a higher, all-cash offer for $35 per share, which totals approximately $65 billion. The move is likely to trigger an intense battle between Comcast and Disney as 21st Century Fox and the Murdoch empire weigh which is the better option.
>The cable/internet/media giant had reportedly been waiting to see whether AT&T’s acquisition of Time Warner would be approved — despite a high-profile attempt by the Justice Department to block it over antitrust concerns — before formally making its offer for the bulk of 21st Century Fox’s entertainment assets. A judge ruled in AT&T’s favor on June 12th without requiring it or Time Warner to divest any of their holdings. That certainly had to have made Comcast’s executives and legal team feel much better about their prospects of success. Comcast CEO Brian Roberts was reportedly tuned into CNBC at the company’s headquarters to see the outcome live, according to The New York Times.
>Comcast’s bid is for the movie studio 20th Century Fox, 20th Century Fox Television, Fox-owned cable networks (including FX and National Geographic), and the company’s stakes in international networks Sky and Star TV. It also includes a 30 percent stake in the Hulu streaming service. Just like the Disney deal, Comcast would become a majority owner of Hulu if its proposed acquisition is approved.
>After weeks of signaling it would do so, Comcast is making a play at 21st Century Fox’s TV and film assets. Hoping to derail Disney’s pending, stock-based $52.4 billion deal with Fox, Comcast is stepping in with a higher, all-cash offer for $35 per share, which totals approximately $65 billion. The move is likely to trigger an intense battle between Comcast and Disney as 21st Century Fox and the Murdoch empire weigh which is the better option.
>The cable/internet/media giant had reportedly been waiting to see whether AT&T’s acquisition of Time Warner would be approved — despite a high-profile attempt by the Justice Department to block it over antitrust concerns — before formally making its offer for the bulk of 21st Century Fox’s entertainment assets. A judge ruled in AT&T’s favor on June 12th without requiring it or Time Warner to divest any of their holdings. That certainly had to have made Comcast’s executives and legal team feel much better about their prospects of success. Comcast CEO Brian Roberts was reportedly tuned into CNBC at the company’s headquarters to see the outcome live, according to The New York Times.
>Comcast’s bid is for the movie studio 20th Century Fox, 20th Century Fox Television, Fox-owned cable networks (including FX and National Geographic), and the company’s stakes in international networks Sky and Star TV. It also includes a 30 percent stake in the Hulu streaming service. Just like the Disney deal, Comcast would become a majority owner of Hulu if its proposed acquisition is approved.
