Home Business NewsBusiness Comcast to make a hostile bid for Fox assets?

Comcast to make a hostile bid for Fox assets?

8th May 18 8:47 am

Here’s what the reports say

In a move that could topple Disney out of the running, US cable operator Comcast has reportedly held talks with American banks to secure around $60bn in financing for a hostile bid for 21st Century Fox Inc.’s entertainment and international assets, according to Reuters.

Comcast Chief Executive Brian Roberts only plans to proceed with the bid if a federal judge allows AT&T’s planned $85bn acquisition of Time Warner to proceed, sources said.

The owner of NBC and Universal Pictures had previously offered Fox at least 16 per cent more for a chunk of its assets than Disney, though regulatory concerns ultimately led Rupert Murdoch to accept the lower bid.

Comcast, Fox and Disney declined to comment.

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