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…

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Author: Chris Welch

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