http://deadline.com/2018/05/comcast-prepares-unsolicited-offer-fox-1202384424/
>>Comcast, after being spurned in its initial pursuit of 21st Century Fox, apparently is preparing to challenge Disney’s $52.4 billion deal to acquire most of the studio’s film and TV assets, according to reports.
Reuters reports that Comcast is speaking with investment bankers about obtaining bridge financing for an all-cash offer. It’s waiting for a federal judge to issue a ruling next month in the Justice Department’s challenge to the AT&T-Time Warner merger before making its move, the news organization says.
Media analyst Rich Greenfield predicted Comcast would make another run at Fox, in part because the deal would give Disney “unprecedented control” over the legacy media landscape. The combined film studios account for more than 40% of the domestic box office, and Disney’s control of ESPN and Fox’s regional sports networks would give it serious leverage in negotiations with pay TV companies. This calculus doesn’t even take into account the competitive threat of the tech giants, which have direct relationships with consumers and billions to spend on content.<<
>>Comcast formally notified European Commission today of its plans to bid for Sky, starting the clock on a regulatory review. It also disclosed details of its approximately $30 billon bid in its recent quarterly earnings report.<<
>>Comcast, after being spurned in its initial pursuit of 21st Century Fox, apparently is preparing to challenge Disney’s $52.4 billion deal to acquire most of the studio’s film and TV assets, according to reports.
Reuters reports that Comcast is speaking with investment bankers about obtaining bridge financing for an all-cash offer. It’s waiting for a federal judge to issue a ruling next month in the Justice Department’s challenge to the AT&T-Time Warner merger before making its move, the news organization says.
Media analyst Rich Greenfield predicted Comcast would make another run at Fox, in part because the deal would give Disney “unprecedented control” over the legacy media landscape. The combined film studios account for more than 40% of the domestic box office, and Disney’s control of ESPN and Fox’s regional sports networks would give it serious leverage in negotiations with pay TV companies. This calculus doesn’t even take into account the competitive threat of the tech giants, which have direct relationships with consumers and billions to spend on content.<<
>>Comcast formally notified European Commission today of its plans to bid for Sky, starting the clock on a regulatory review. It also disclosed details of its approximately $30 billon bid in its recent quarterly earnings report.<<
