Fox to press on with Disney merger despite likely Comcast bidThe chairman of 21st Century Fox, Lachlan Murdoch, said the media company planned to press ahead with plans to merge with Disney and take full control of Sky on Wednesday but said the company was considering its options as cable giant Comcast prepares a higher bid. Last December Fox agreed to sell most of its cable and studio assets to the Walt Disney Company. Addressing the Disney deal Murdoch said the company was “committed to its agreement” and working through the conditions. In a note to clients, BTIG analyst Richard Greenfield argued that Comcast would face fewer issues than Disney in getting a Fox deal approved. “If Fox is willing to engage Comcast and entertain a higher cash bid, it puts Disney in a difficult situation,” Greenfield wrote.

Source: The Guardian May 09, 2018 21:47 UTC