Comcast could make $60 billion cash bid for Fox
- Author: Rita Burton May 09, 2018,
May 09, 2018, 5:17
But whether Comcast will make this offer is dependent on the outcome of the AT&T-Time Warner antitrust trial. If Disney gets into a bidding war with Comcast, then Comcast's bid for all of Sky and Fox could get close to $100 billion, these people said.
Comcast didn't immediately respond to Philadelphia magazine's request for comment.
Disney will report earnings after the bell Tuesday and investors will no doubt be looking for guidance from Iger on the pending deal. Comcast already has a $30 billion bridge loan to finance its Sky offer.
Disney in December had offered to buy film, television and worldwide businesses from Fox for $52.4 billion in stock to beef up its offering against streaming rivals Netflix Inc and Amazon.com Inc.
Now Comcast, which owns NBC and Universal Pictures, is coming back with another attempt.
Comcast at first criticized its powerful stock for a reason for Murdoch to accept a bargain from the greatest USA cable provider instead of Disney.More news: Liberals are jonesin' for impeachment after Mueller questions leak
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.
It looks as though Comcast is preparing a bid to buy Fox assets ahead of Disney's upcoming deal.
KitGuru Says: While both buyouts are inherently monopolistic, Disney has the edge with its pre-established world that naturally connects to a variety of Fox's content.
The exact value of Comcast's new bid for the Fox assets is not yet clear, but the $60 billion in new financing shows that it is trying to outbid Disney's $52 billion offer.
The judge is expected to make a decision by mid-June.