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Comcast Looks to Wrest Fox Entertainment Assets From Disney

Posted On May 23, 2018 1:36 pm
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Comcast Corp. is ready to go to war with Walt Disney Co.

The cable giant confirmed on Tuesday that it may make an offer for a wide swath of 21st Century Fox Inc.’s entertainment assets, a business that Disney has already agreed to buy for roughly $52 billion.

The move threatens to escalate a bidding contest that’s already underway over Fox’s European satellite business — and further complicate a global game of M&A chess that’s being waged by the biggest media companies.

Comcast “is considering, and is in advanced stages of preparing, an offer for the business that Fox has agreed to sell Disney,” the company said in a statement. “Any offer for Fox would be all-cash and at a premium to the value of the current all-share offer from Disney.”

Continue Reading at Bloomberg.com

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