Comcast might snag 21st Century Fox from Disney

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

Comcast was reported to have made a $64 billion offer for Fox assets last November, but Fox accepted the lower bid from Disney, arguing in filings that regulation would be a potential barrier to any deal with Comcast.

If the deal does proceed, however, and Comcast edges in to steal Disney's thunder, then it will simultaneously interrupt the company's efforts to "reunite the X-Men, Fantastic Four, and Deadpool" with the rest of the established Marvel Universe, much to fan disapproval.

Comcast didn't immediately respond to Philadelphia magazine's request for comment.

According to a new report from CNBC earlier today, Comcast is readying up a new bid that could essentially beat Disney to the punch.

Late Monday, Reuters reported that Comcast was lining up financing to make an all-cash bid for Fox's vaunted TV and movie studio, FX, National Geographic channels, almost two dozen regional sports networks and control of the online streaming service Hulu. This comes after Comcast offered $31 billion to get a 61% stake in Europe's pay-TV group Sky PLC.

After losing out on their initial bid, Comcast is said to be readying yet another bid for 21st Century Fox that could upend Disney's deal with the company. But Comcast wants them so badly that, evidently, it's willing to double its own debt level to make what may be a more palatable all-cash bid than Disney's stock-only offer.

Obama administration regulators also prevented Comcast from buying Time Warner Cable, saying that Comcast could use its increased size to stifle the competition that online video streaming services pose to cable TV. In the United States, the Department of Justice said it opposes the deal due to antitrust concerns, with a final decision on the matter coming in June. The Disney/Fox purchase announcement in December noted that Disney would gain a "controlling interest" in Hulu by purchasing Fox assets.

And other sources told the publication that Murdoch prefers to be paid in stock rather than cash for Fox assets, because the deal would be non-taxable for shareholders.

Related:

Comments

Latest news

North Korea is mad because Trump won't give Kim credit for peace
North and South Korea are technically still at war because their 1950-53 conflict ended in a truce, not a peace treaty. He however added that an announcement in this regard will be made soon.

Uber, US Army to test technology with potential use on flying cars
Uber is planning to take to the skies in sleek, all-electric flying drone taxi, the company revealed on Tuesday. Uber sees its air taxi system as a means through which urban traffic and long commutes can be alleviated.

Etheridge helps Cardiff gain Premier League promotion
By 2015, he landed a contract with Charlton Athletic, but later got released. "I just trained as hard as I could and waited". His only appearance for Fulham came in a UEFA Europa League match against Danish side Odense Boldklub in December 2011.

Hazard sends warning to L'Pool & Spurs for the top four spot
They are very unsafe with the three strikers and it's impressive the way they attack and have combinations between them. Eden Hazard says Chelsea are ready to pounce and snatch a Champions League spot if their rivals slip up.

Other news