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Comcast bids $65B for Fox assets vs. Disney

Comcast reportedly offered $65 billion in cash to acquire Fox’s assets including film and television studios as well as international businesses.

In a report by BBC, Comcast has launched a bid after getting rebuffed in 2017 after Fox favored Disney with a stock transaction valued at $52.4 billion or more than $66 billion inclusive of debts.

Despite Fox, saying it would “carefully review and consider” Comcast’s offer, the company stated that it remains subject to the terms of its deal with Disney.

Part of Disney’s agreement with Fox is to seek full ownership of Sky.

With Comcast and Disney’s proposals, Fox is set to establish a new company for its news and sports businesses, including Fox News.

Fox’s businesses include film and television studios, cable entertainment networks, and international properties such as Star India and Sky.

The company also owns the original Star Wars movies, the X-Men franchise, and TV hits like The Simpsons.

(Photo source: nytimes.com/ foxnews.com/ thewaltdisneycompany.com)