Comcast Tries to Pluck 21st Century Fox From Disney


Three sources reportedly told Reuters that Comcast would be offering $60 billion for the media assets that 21st Century Fox had agreed to sell to Disney, with the deal announced on 14 December a year ago. Instead, it appears to be willing to pile even more debt on its already-high load in order to block Disney from acquiring Fox's properties, including its 30% stake in streaming service Hulu.

Reuters reports of three separate sources claiming that Comcast Corp. has renewed its interest in buying Fox in the wake of Disney's public attempts.

The report comes after Comcast offered a $31 billion bid to purchase the European broadcaster Sky in February, beating out an early entry from Fox for all of Sky.

University of Florida accused of racism after usher manhandles black grads
Oliver Telusma was one of the graduates who has since opened up about his experience being mistreated. The backlash prompted an apology from the school president following the Saturday event.

The latest move shows how AT&T's controversial bid for Time Warner, which owns media properties including Warner Bros and HBO, has rattled telecom and media competitors such as Comcast, which are anxious AT&T would become a dominant market force if allowed to acquire Time Warner.

Comcast isreportedly preparing a new bid for 21 Century Fox.

It is keen to show Sky's investors that it can get through the regulatory process quickly, unlike Fox, which has faced repeated delays since it first agreed a takeover of Sky in December 2016. Combined, Disney and Fox account for over 40% of the domestic box office. That deal came after Fox rejected a bid from Comcast in November to buy its networks, movie studios, TV production and foreign assets. The U.S. Department of Justice has opposed the acquisition over antitrust concerns. Of course, with this, the House of Mouse would take in all their studio assets - pretty much everything apart from Fox's news network and local sports stuff. He added that if Comcast acquires Fox, it might lead to Comcast spinning off its cable/internet and entertainment businesses into separate companies. Murdoch was concerned about the reaction of Washington regulators to a deal with Comcast.