Comcast Is Preparing a $60 Billion Cash Bid for Fox

The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza formerly known as the GE building in midtown Manhattan in New York

Disney's $52.4 billion acquisition of 21st Century Fox assets - which includes 20th Century Fox Movie and Television Studio, Fox regional sports networks, Sky, Fox Networks Group global cable channels, domestic cable channels, and 21st Century Fox's 30% stake in Hulu - now awaits approval from regulators.

Citing three unspecified sources "familiar with the matter", the news agency reports that Comcast CEO Brian Roberts sees an opening if USA federal courts approve AT&T's $85b acquisition of Time Warner to go forward - a ruling is expected on that matter in June.

If the judge agrees to allow AT&T to acquire Time Warner, some thing Comcast could make a hostile bid for Fox assets because it would be more likely that a Comcast/Fox deal would be approved by regulators.

Disney has already had an offer of $52 billion in stock options accepted by Fox.

Comcast declined on Tuesday morning to comment. A trial over the deal in Washington - which included the testimony of two Comcast officials - recently concluded.

Iraq Starts airstrike from Syria Contrary to Islamic State
The carried out a new strike on an position inside, Prime Minister 's office said in a statement on Sunday. Military-air forces of Iraq attacked positions of the terrorist group Islamic state in Syria.

Some analysts believe Comcast would have to suspend its share buyback program entirely if it was able to snatch Fox from Disney's jaws, although its dividend appears safe for now.

This funding could be up to an additional $60 billion USD on top of the $30 billion USD Comcast has already offered for a majority stake in European pay-TV group Sky Plc.

Comcast successfully convinced USA regulators to let it buy NBCUniversal in 2011 and has since turned that company's film, TV and theme park business into major revenue earners.

Last November, it actually offered to acquire most of Fox's assets in an all-stock deal valued at $34.41 per share, or $64 billion.

Reuters cited three anonymous sources as saying Comcast has asked for an increase in its bridge financing facility. Any such deal would also see Comcast acquire 100 per cent of Sky. The other 39% of Sky is owned by Fox, which is keen to take control of the entire business. A final decision on the takeover, which has attracted antitrust concerns, is expected in June.

Related News:

  • You need to see these pictures from Sonam Kapoor's mehendi

    You need to see these pictures from Sonam Kapoor's mehendi

    Sonam Kapoor's friend cum stylist Pernia Qureshi arrived in a white saree while Masaba Gupta came in a white and pink saree. But ahead of the D-Day, well-wishers and colleagues from the industry dazzled at her Mehendi / Sangeet and Chooda ceremony.
    Clash Of The Titans: What Buffett, Musk Are Squabbling About

    Clash Of The Titans: What Buffett, Musk Are Squabbling About

    A moat is actually a term Buffett came up with in reference to the competitive advantages in business, according to Investopedia . Make sure to check back with Tech Times as we learn more about Musk's new sugary venture.

    Sadio Mane talks up potential Liverpool move for Nabil Fekir

    Take a look through the gallery above to see how Liverpool could line up next season if they sign Ousmane Dembele . Jurgen Klopp has jokingly admitted that he'd be interested in signing Ousmane Dembele if he was available.
  • Beware, users! This Whatsapp forward can cause your phone to crash

    Beware, users! This Whatsapp forward can cause your phone to crash

    The stated sentence is followed by the second line with a "black dot" and the words "t-touch-here" are written next to the dot. The bug is only crashing Android devices, so if you are an iOS user, then you need not worry about the bug.
    Missouri Air National Guardsman stabbed to death in roadside incident

    Missouri Air National Guardsman stabbed to death in roadside incident

    It was at that point when the other driver repeatedly stabbed Harter before getting into his vehicle and driving away. Lee's Summit police believe Harter was stabbed during the argument and stumbled into traffic where he died.
    On Twitter, Trump Urges West Virginians to Vote Against Blankenship

    On Twitter, Trump Urges West Virginians to Vote Against Blankenship

    He said he's the best positioned candidate among the three to defeat Manchin, and said that he's " Trumpier than Trump ". Most importantly, both polls had Blankenship in the lead with 31 percent in one poll and 28 percent in the other.
  • Dr. Ken Jeong Comes to the Rescue After Woman Suffers Seizure

    Dr. Ken Jeong Comes to the Rescue After Woman Suffers Seizure

    He continues to voice Dr. ap in Bob's Burgers and he has seven projects in various stages of production. He also starred in the NBC sitcom " Community ".
    IPhone X rear camera issues can break Face ID

    IPhone X rear camera issues can break Face ID

    Yes, it might sound a bit weird initially, but Apple is now repairing rear cameras which is technically fixing the rear cameras. Apple has claimed that this new Face ID should replace the conventional Touch ID that was introduced with the iPhone 5s.
    Air France strikes continue; 80% of flights to operate May 8

    Air France strikes continue; 80% of flights to operate May 8

    He added: "The challenge is the survival of Air France, the development of a company to which we are all attached". On April 26, the management of Air France published a proposal for its employees, subject to an online vote.
  • Saints' Mark Ingram Suspended For Violating PED Policy

    Saints' Mark Ingram Suspended For Violating PED Policy

    Even if the suspension gets reduced to three games, by appeal, Ingram would still miss the Week 3 road clash with the Falcons . Ingram has been suspended four games for violating the league's PED policy, Ian Rapoport of NFL Network reports .
    Sunrisers to face struggling RCB

    Sunrisers to face struggling RCB

    By virtue of this win, Sunrisers have consolidated their position at the top of the table with 16 points from 10 games. With 12 needed from the final over, Bhuvneshwar Kumar held his nerve to see his side home with five runs to spare.
    Cardinals Catcher Leaves Game After Getting Hit In Groin By Foul Ball

    Cardinals Catcher Leaves Game After Getting Hit In Groin By Foul Ball

    Cardinals placed C Yadier Molina on the 10-day disabled list with a pelvic injury with a traumatic hematoma. Matheny said there was no way for the star catcher to dodge the heater whizzing into his crotch.


Most liked

Stanley Cup's Official Twitter Cleverly Jabs Penguins After Loss To Capitals
So has his team, one that knows as giddy as they felt in the middle of a quiet PPG Paints Arena, much work remains to be done. After splitting the first two games of the series, Washington took a 2-1 series lead with a 4-3 road win in Game Three.

Buffett's magic touch sends Apple stock to its highest value in history
But in terms of recent times - well - it - it was - it was - it was a company I liked, a business I liked very much. Now, somebody calls that a store of value, I think they're delusional". "I clearly like Apple ".

'Arrested Development' Season 5: Everything We Know About the Bluth's Return
The Bluths are finally back together, and finally getting the award they think they deserve - for family of the year. The years may have gone by, but the family and its members remain stuck in. well, read the show title.

Stormy Daniels' attorney accuses Donald Trump's team of making up facts
During the interview, Giuliani said that people do not go away with United States dollars 130,000 for a meritorious claim. The law professor also took aim at Rudy Giuliani's statements about attorney Michael Cohen's payments to Daniels.

Malaysia halts people-smuggling ship bound for Australia, New Zealand
Malaysian National police chief Mohamad Fuzi Harun said the immigrants included 98 men , 24 women , four boys and five girls. Another five Malaysians were arrested for suspected involvement in the smuggling syndicate.

Florida deputy shot, killed responding to dispute about cat
Gentry was airlifted to Lee Memorial Hospital, where he remains in critical condition, WFTS-TV in Tampa reported. The sheriff's office is asking the public to keep his family and the HCSO family in your prayers.

Trump announces delegation to Israel for opening of U.S. embassy in Jerusalem
The current U.S. move will overturn decades of global consensus on Jerusalem, a highly contested city. The worldwide community, the Arab League and other groups urged the U.S. president to reconsider.

Atty. Gen. Sessions Vows to Prosecute All Who Illegally Cross Border
Thirty-five federal prosecutors and 18 immigration judges have been re-directed to the border to handle immigration cases. He says cases will include people who allegedly smuggle children across the border or who lie to immigration officers.

Meghan Markle's father to walk her down the aisle
Prince Andrew's ex-wife is among 600 guests invited to ceremony in St George's Chapel at Windsor Castle and to reception later. This is expected to take about 25 minutes, with the couple said to be really looking forward to this part of the day.

Cardiff return to Premier League but Barnsley, Burton go down
Cardiff didn't so much win promotion to the Premier League, as were gifted it by a poor performance in Birmingham . The Blue Birds will be playing in the Premier League for the first time since 2013-14.

Gocompare.com Group plc (LSE:GOCO) FCF Average Touches 0.041621; Quant Update
Investors may need to try to focus in on the most important information when attempting to examine stocks to add to the portfolio. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.

Microsoft Isn't Done With Kinect Yet
The company has also teamed up with Qualcomm to launch an AI developer kit for on-device inferencing on the edge. Azure Kubernetes Service (AKS ), for example, simplifies the process for building out container-based apps.

Bomb attack on mosque in Afghanistan slammed
This week suicide bombers in the capital Kabul killed at least 26 people, including nine journalists. But the Taliban, and the local cell of the Islamic state oppose democratic elections in the country.

7 miners killed in cave-in in South Africa
Follow Fin24 on Twitter , Facebook , Google+ and Pinterest .24.com encourages commentary submitted via MyNews24. The families of the employees have been contacted and are receiving necessary support and counselling.

Trump Hosts Roundtable on Tax Cuts, Endorses Renacci for Senate
Sherrod Brown , who Renacci will face in November if Renacci wins his primary. The White House has not commented. "They actually say that I'm popular".