Comcast to make a hostile bid for Fox assets?

Eileen GuzmanMay 09, 2018

Citing three unspecified sources "familiar with the matter", the news agency reports that Comcast CEO Brian Roberts sees an opening if us federal courts approve AT&T's $85b acquisition of Time Warner to go forward - a ruling is expected on that matter in June.

The judge is expected to deliver a decision on the AT&T-Time Warner deal in June, a ruling that determines Comcast's next move. After months of negotiation, they settled on a $52 billion acquisition, where Disney would acquire most of Fox's assets. The Comcast-Fox-Disney drama has also extended to the United Kingdom, where the three are involved in complicated merger drama involving Sky PLC.

Comcast didn't immediately respond to Philadelphia magazine's request for comment. With Brian Roberts already making a bid for Sky News, Comcast is now reportedly in talks with banks to make an all-cash offer that would throw a wrench in Disney's acquisition plans.

Comcast is racing to get ahead of Rupert Murdoch's Twenty-First Century Fox Inc in the battle to buy the European company, and the notification in Brussels is a key requirement. Indeed, now Comcast is offering 22 billion pounds (about $30 billion) to acquire 61 percent ownership of Sky. Disney, Fox, and Comcast each own 30 percent of Hulu; Time Warner owns the other 10 percent.

Comcast offered to acquire Fox's assets in an all-stock deal worth $64 billion, but likely for fear of anti-trust roadblocks, Fox went with Disney. Any such deal would also see Comcast acquire 100 per cent of Sky. Instead, Disney is now planning to acquire Fox's film, television and global businesses.

Comcast is one of the country's biggest pay-TV and internet-service providers, and it also owns NBCUniversal, giving it power up and down the industry chain - the same scale AT&T, a wireless carrier and pay-TV provider, is seeking in buying Time Warner.

KitGuru Says: While both buyouts are inherently monopolistic, Disney has the edge with its pre-established world that naturally connects to a variety of Fox's content.

Related Articles:

« Previous article
Next article »

Popular Pages

Johnny Manziel hospitalized in Houston area after reaction to bipolar medication
Manziel revealed earlier this year he suffers from bipolar disorder and said he was taking medication for the condition. Recently, Johnny Manziel was diagnosed with Bi-polar disorder and is now on prescription medication for the disorder.

Elon Musk Dating Canadian Musician Grimes, Arrive At Met Gala Together
This relationship update was seemingly confirmed when the twosome walked the Met Gala red carpet together. Elon Musk stepped out with Canadian musician Grimes at the 2018 Met Gala in New York City on Monday.

DR Congo confirms two Ebola cases, 10 more cases suspected
Personnel from the World Health Organization and Medecins Sans Frontieres traveled to the DRC on Saturday to investigate the 21 suspected cases of Ebola.

In Syria reported two dead in Israeli strike
Earlier it was reported that Israeli military fired several missiles at Syrian army positions near the Syrian capital of Damascus. The military directive Tuesday came "following the identification of irregular activity of Iranian forces in Syria".

Florida mother, 2 youngsters die after automotive hits alligator in SC
The family members's automobile ran off the side of their road, slammed into a tree and caught fire, killing all three inside. Highway Patrol troopers say that accident happened in the northbound lane of I-95 near mile marker 86 around 12:49 a.m.

IPL 2018, SRH vs RCB - Highlights: Bowlers Guide Hyderabad to Another Win
Shakib and Rashid then dismissed Kohli and the dangerman AB de Villiers (5) off successive overs to leave RCB's chase in a mess. SRH skipper Kane Williamson won the "Man of the Match " for his knock of 56 runs off 39 deliveries.

Russia: Medvedev approved as prime minister
Medvedev, 42, in 2005 succeeded Putin, becoming the third and youngest Russian president to take office, according to the report. On Monday, President Vladimir Putin asked Medvedev to form a new government.

Disney thanks 'Black Panther' for 23% earnings boost
The shares of The Walt Disney Company (NYSE:DIS) went up during the trading session by $2.39 on Friday, trading at $101.15. Wall Street is only getting more bullish on the stock , with 14 of analysts who cover DIS having a buy-equivalent rating.

Mark Ingram: Suspended four games
Running back Mark Ingram has been suspended for a performance enhancing drug violation, according to multiple reports . The Cleveland Browns have caught a bit of a break for their first road game of 2018.

John Cena & Nikki Bella Appearing Together In Public
I've just kind of been hiding out, but I wanted to reach out to you all and just thank you all for all your love and support. Nikki mentioned in her vlog. "I thought I could really sacrifice that but I just can't", she responded.