Comcast Jumps Into The Race For Fox With Estimated $60 Billion Bid - News Summed Up

Comcast Jumps Into The Race For Fox With Estimated $60 Billion Bid


The deal covers all 21st Century Fox properties save these:The Fox broadcast networkFox NewsFox-owned local TV stationsWhy does Comcast think it has a shot? It's not only offering a bigger deal; it's also guaranteeing that money in cash, which may be more attractive to Fox shareholders. Last year, before Disney submitted its bid, Fox had talks with Comcast but they didn't lead to anything, as Fox worried a deal would be scuttled by similar antitrust concerns. Comcast and Disney are both chasing Fox as they face increased competition from streaming services such as Netflix. The Fox deal would include Fox TV and film studio content, as well as FX networks and National Geographic Channel.


Source: Forbes May 23, 2018 16:02 UTC



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