Comcast May Make Another Bid for 21st Century Fox (Report)

Style Magazine Newswire | 2/16/2018, 1:44 p.m.
Comcast is considering pursuing 21st Century Fox yet again, according to a report published Sunday night by the Wall Street …

Source: Variety.com

Comcast is considering pursuing 21st Century Fox yet again, according to a report published Sunday night by the Wall Street Journal. Comcast’s initial bid was rejected by Fox, which instead struck a deal with Disney in December — a $52.4 billion, all-stock deal to acquire 20th Century Fox movie and TV studio, international pay TV properties, and other entertainment and sports assets from Rupert Murdoch’s empire. Comcast’s bid was reportedly higher, in the low $60 billion range, but according to the Journal, it was rejected by Fox amid concerns that such a deal could face antitrust issues. Comcast had bowed out of the race just before the Disney deal closed. “We never got the level of engagement needed to make a definitive offer,” said Comcast in a statement at the time. But Comcast executives were known to have strongly considered making a counter bid against Disney when the Disney-Fox deal was first unveiled Dec. 14.

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