Published: Thu, June 14, 2018
Culture&Arts | By Hattie Nash

Comcast challenges Disney with $65B bid for Fox

Comcast challenges Disney with $65B bid for Fox

Last December, Fox rejected an initial offering from Comcast and made a decision to pursue Disney's more paltry plea, as it was assumed to have been a safer bet. As reported by CNBC, the global telecommunications conglomerate was willing to offer $60B in cash for the Rupert Murdoch-founded company. Comcast bid 16 per cent more than Disney for Fox's media properties, but that offer was deemed too risky.

Comcast, which already owns NBCUniversal, is the US's largest cable company and is likely to face regulatory scrutiny should Fox consider its bid. It's a dramatic attempt to thwart Disney, which reached a $52.4 billion deal in December for the same film and TV assets.

In mid-December, The Walt Disney Company announced it would purchase 21st Century Fox, including the 20th Century Fox Film and Television studios, along with cable and global TV businesses, for $52.4 billion.

In response, Fox said it would "carefully review" Comcast's unsolicited proposal.

Atlético agree deal to sign Thomas Lemar from Monaco
France begin their World Cup campaign against Australia June 16, before facing Peru (June 21) and Denmark (June 26). Last summer came his most recent extension, when he added another year to take him up to 2022.

The DOJ also faced harsher questioning from the judge, who came off exasperated at times during the government's arguments.

U.S. District Judge Richard Leon ruled that the combined companies do not pose a danger to consumers, a decision that amounts to a resounding win for the two companies. Prior to the deal, Fox had entertained a much higher bid from Comcast in the low $60 billion range but ultimately terminated talks early on due to antitrust concerns.

Wayne Crews of the Competitive Enterprise Institute said the government's case ignores the technology which is rapidly changing the media sector. Comcast's $35 per share offer, which represents a 19% premium on Disney's bid, could result in a result in a high-stakes bidding war for Fox's assets.

Comcast's deal is expected to be announced tomorrow.

New Platinum game Babylon’s Fall revealed in Square Enix E3 Showcase 2018
We do know that the game is planned for release next year sometime but this is just as vague as everything about the game. Just Cause 4 is out on December 4 and at E3 2018 Square Enix showed off more of the open-world action game.

AT&T Inc won approval from a USA court on Tuesday to buy Time Warner Inc for $85 billion, without conditions, allowing AT&T to compete with internet companies that dominate digital advertising and providing new sources of revenue.

Attorneys for AT&T and Time Warner argued that it would be absurd for them to deny their shows to millions of viewers, because it would cost them millions in lost broadcast fees and advertising revenues. The question is will Disney's board and management go to the mat on this transaction?

To see how this could happen, consider that, after the merger, AT&T would have the rights to all of HBO's output, CNN, live National Basketball Association and NCAA broadcasts, and many more desirable Time Warner properties. "Barring a third entrant (Internet/tech is possible), we would see the most sensible outcome as splitting the baby, with Comcast getting Sky (which we see as its main goal) and Disney getting most of the rest". Fox has a 39 percent stake in that company and has been trying to buy outright, with the intention of selling the full company to Disney as part of that deal.

Police officer lauded for saving toddler on IL highway
Mannino alerted dispatch that he caught the boy and would begin the search for his parents, according to the Naperville Sun . Anthony Mannino's dashcam shows the officer stopping near Route 59 and Gowdey Road, just north of Aurora Road.

Like this: