• Welcome to the WDWMAGIC.COM Forums!
    Please take a look around, and feel free to sign up and join the community.You can use your Twitter or Facebook account to sign up, or register directly.

So Comcast was the highest bidder for FOX, but FOX picked Disney instead...

PB Watermelon

Well-Known Member
#41
Here is a couple that meet a few hours before, fall in love, have sex in a car and are willing to die for each other while continuing ignoring multiple opportunities to save themselves as they run up and down the ship over and over again until the ship sinks (in real time!!!) while keeping Billy Zane from stealing a giant ruby.

At least Avatar was just Pocahontas in space with Aliens Space Marine tech.
Cameron was a huge fan of Costner's Dances With Wolves, which was an out-of-nowhere smash in 1990. That's where Avatar comes from, not Pocahontas (Disney took note of DWW, too...)
 

Robbiem

Well-Known Member
#42
Advertisement
Cameron was a huge fan of Costner's Dances With Wolves, which was an out-of-nowhere smash in 1990. That's where Avatar comes from, not Pocahontas (Disney took note of DWW, too...)
I always thought avatar was a cross between dances with wolves and princess mononoke
 

truecoat

Well-Known Member
#46
Cameron was a huge fan of Costner's Dances With Wolves, which was an out-of-nowhere smash in 1990. That's where Avatar comes from, not Pocahontas (Disney took note of DWW, too...)
And Dances with Wolves was pretty much a Man Called Horse. This idea has been used a thousand times but Cameron pulled it off in an alien setting.
 

PB Watermelon

Well-Known Member
#47
And Dances with Wolves was pretty much a Man Called Horse. This idea has been used a thousand times but Cameron pulled it off in an alien setting.
And Tom Cruise in 1860's Japan (The Last Samurai). Shoot, Brigadoon and Lost Horizon share that theme of a man/men encountering a new culture and deciding to join it.
 
#48
This bidding war strikes me as very petty and incredibly risky for Comcast. I wouldn't be surprised if Disney bails.

Comcast will become one of the world's most indebted companies if it buys Fox

Comcast's aggressive strategy shows how badly CEO Brian Roberts, a longtime rival of Disney (DIS) CEO Bob Iger, wants 21st Century Fox's film studio and cable networks. The two are bitter enemies, dating back more than a decade to when Comcast attempted a hostile takeover of Disney.

I wonder what the mood is amongst Comcast investors and stockholders.
 
Last edited:
#49
This bidding war strikes me as very pretty and incredibly risky for Comcast. I wouldn't be surprised if Disney bails.

Comcast will become one of the world's most indebted companies if it buys Fox

Comcast's aggressive strategy shows how badly CEO Brian Roberts, a longtime rival of Disney (DIS) CEO Bob Iger, wants 21st Century Fox's film studio and cable networks. The two are bitter enemies, dating back more than a decade to when Comcast attempted a hostile takeover of Disney.

I wonder what the mood is amongst Comcast investors and stockholders.
Is that “pretty”...or “petty”?
 
#50
This bidding war strikes me as very pretty and incredibly risky for Comcast. I wouldn't be surprised if Disney bails.

Comcast will become one of the world's most indebted companies if it buys Fox

Comcast's aggressive strategy shows how badly CEO Brian Roberts, a longtime rival of Disney (DIS) CEO Bob Iger, wants 21st Century Fox's film studio and cable networks. The two are bitter enemies, dating back more than a decade to when Comcast attempted a hostile takeover of Disney.

I wonder what the mood is amongst Comcast investors and stockholders.
The question isn't what the mood is, but rather how much is their appetite to leverage to the hilt to win both Sky and Fox. Comcast was down almost 4%, which is almost double what Disney was down today. If that continues the value of Comcast is going to erode big time, whereas Disney's value will be fine.

By the way, this is another reason why Murdoch chose Disney over Comcast. Murdoch knew Comcast would have to take on a lot of debt in order to make the offer. I think I even mentioned this months ago in one of these threads.
 

SSG

Well-Known Member
#52
Per CNN, Disney raises its bid to buy most of 21st Century Fox to $71.3 billion, topping Comcast's $65 billion offer last week
 

BrianLo

Well-Known Member
#54
I think this brings an end to this. Comcast needs to make a significantly larger bid than Disney with the Murdoch's preferentially gravitating to the stock bid along with the ongoing requirement to pay off Disney. They need to bid roughly 10 billion more (their last was ~12 billion more) than Disney for there to be adequate value behind it.

Disney didn't just match the offer they reasonably blew past it, while still letting the Murdoch's walk away with the 20% bonus from taking stock. Smartly getting ahead of Comcast's offer so they wouldn't be on the hook to also pay Comcast's breakup fee.

Can Comcast actually afford to increase their previous offer by nearly 20 billion? I don't think they will honestly. I also don't think they are demonstrating a position of power, they've been in this game nearly the entire time and in the 11th hour finally ponied up. Only for Iger to respond quite decisively in a week.

I fear though that neither Roberts or Iger can let this go, meaning if it does somehow go on one company will be saddled with a total mess. Comcast did successfully cost Disney 20 billion, so there's certainly that...
 
#55
Per CNN, Disney raises its bid to buy most of 21st Century Fox to $71.3 billion, topping Comcast's $65 billion offer last week
After Disney's new offer, Fox executive chairman Rupert Murdoch -- who along with sons Lachlan and James control Fox -- said in a statement: "We are extremely proud of the businesses we have built at 21st Century Fox, and firmly believe that this combination with Disney will unlock even more value for shareholders as the new Disney continues to set the pace at a dynamic time for our industry."

https://usat.ly/2yqjok3
 
#60
Wasn't their initial bid only stock though??

Still...it's pretty soul-crushing to realize how much money these men are willing to just throw around willy nilly.
Yes their initial bid was all stock, now its a combination of stock and cash, whereas Comcast's bid was only cash. Murdoch wants a stock bid because of the tax implications that come with cash. As Fox's largest shareholder it would be like the largest capital gains tax bill in history if an all cash offer was accepted.

Also this is not willy nilly, there is purpose behind this purchase. The digital media landscape is changing, and Iger is trying to make sure Disney has enough content to make a real shot at competing with the Netflix's and others of the new digital media. Comcast is trying to do the same.

The theme parks have very little if anything at all to do with this deal from either the Disney or Comcast side.
 
Top Bottom