Twenty-First Century Fox (
FOX,
FOXA) has
acknowledged receivingComcast's (NASDAQ:
CMCSA)
$65B offer for its media assets, and said it hasn't made a determination yet whether to postpone or adjourn a July 10 special meeting to vote on its similar $52.4B agreement with Disney (NYSE:
DIS).
In accordance with its fiduciary duties, Fox's board says it will carefully review the new offer.
In more details from Comcast's offer: It's a little circumspect about Hulu, the streaming service it co-owns with Fox, Disney and Time Warner (NYSE:
TWX). But sources say Comcast will divest Fox's stake in the service if that's what it takes to get the deal done, meaning it wouldn't take over majority control of Hulu.