Comcast Is Preparing a $60 Billion Cash Bid for Fox

Comcast only plans to proceed with the bid if a federal judge allows AT&T's planned $85 billion acquisition of Time Warner to proceed. Matt Rourke  AP

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.

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.

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:



Most liked

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 .

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.

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.

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.

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.

How Much It Costs For Celebrities To Attend The Met Gala
With this year's MET Gala happening tonight, it's the flawless time to remember the best looks in the Gala's history. Not only is Rihanna co-chairing the Met Gala , she's also co-starring in a movie all about the big event .

Nefertiti possesses no rooms behind Tut's tomb
With his iconic gold and blue striped death mask, Tutankhamun has become somewhat of a poster boy for all Egyptian Pharaohs. There is huge global interest in Nefertiti, who died in the 14th century BC and is thought to be Tutankhamen's stepmother.

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.

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.

Microsoft demonstrates Cortana-Alexa integration at Build 2018
Users will still be able to say their wake command (such as "Ok Google " or "Hey Google") to bring up the Google Assistant . Then he asked Cortana to open Alexa , and Amazon's assistant responded "Hi there, this is Alexa , how can I help".

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.

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.

Pakistan Interior Minister escapes assassination bid
Police have arrested the attacker, identified as Abid, and shifted him to an unknown location for further investigation. He apparently carried a 30-bore weapon, which he pulled out and fired at the minister from a distance of some 15 yards.