Robert A. Iger, Disney’s chief executive, struck a $52.4 billion all-stock deal in December to buy most of 21st Century Fox, the conglomerate controlled by Rupert Murdoch. But Comcast — the same Comcast that tried to swallow Disney in 2004, an attempt Disney fought off but has never forgotten — is now weighing a hostile bid for the Fox businesses. Comcast declined to comment. Mr. Iger, speaking on a conference call with analysts after Disney reported a 23 percent increase in quarterly profit, presented the deal as a fait accompli. “We are confident that the assets that we are in the process of acquiring easily fit within our new structure once the deal is approved,” he said, referring to Disney’s recent reorganization.

Source: New York Times May 08, 2018 23:37 UTC