Comcast Offers Rival Bid To Stop Disney From Buying Fox

Fox hunt heats up as Comcast prepares to duel with Disney over Rupert Murdoch's company

Fox hunt heats up as Comcast prepares to duel with Disney over Rupert Murdoch's company

According to CNBC, Comcast is willing to offer $60B in cash to 21st Century Fox, eclipsing The Walt Disney Company's $52B proposal, in the hopes of acquiring the company and most of its media assets.

Some of the leading companies and disruptors in movies and television, like Netflix and Amazon, have introduced a new vertical business model that Comcast and Disney are desperate to acquire for themselves - the ability to create and delivery their products directly to the consumer.

It is doubtful that Comcast's offer for 21st Century Fox will be the last offer for 21st Century Fox.

It is speculated that once and if a federal judge rules in Comcast's favor regarding the AT&T-Time Warner acquisition, that Comcast will then focus on 21st Century Fox. Cable giant Comcast Corp.is making preparations to potentially pursue a hostile, all-cash bid for these assets, and has lined up the necessary financing, people familiar with the matter say. (21st Century Fox) today announced that they have entered into a definitive agreement for Disney to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and worldwide TV businesses, for approximately $52.4 billion in stock (subject to adjustment).

Air France shares nosedive after CEO bails
The Air France drama poses yet another problem for President Emmanuel Macron's government as he marks a year in office. Air France warned that industrial action would continue to affect its services today and tomorrow.

Separately, on another track, Comcast and Fox are each vying for full control of Sky and have lobbed in bids.

Comcast has circled the Fox assets for months. The bid would top Disney's offer of $52bn.

The notion of James Murdoch having a possible role at Disney wasn't a factor in Fox's final decision to opt for Disney's offer over Comcast's, according to people familiar with Fox's thinking. Fox's shares are up almost 50 per cent since early October. He said the company's strong balance sheet will give it flexibility to consider opportunities "at times like this". The 21st Century Fox intellectual property would add to the exclusive content on that video streaming service.

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