Fox told to engage with Comcast despite rival bid benefit to Murdoch - News Summed Up

Fox told to engage with Comcast despite rival bid benefit to Murdoch


Comcast put in a $60bn bid for Fox last year, a 16% premium to Disney’s offer, but Murdoch rejected the offer, citing regulatory concerns and share structure. A Comcast deal for Fox, which controls 39% of Sky, would complete well after a deal for Sky. A spokesman for Fox declined to comment on the potential Comcast bid. However, at the company’s recent results Lachlan Murdoch, Fox’s executive chairman, was asked about reports of Comcast considering gatecrashing the Disney deal. Sky’s independent board, which had told shareholders to accept Murdoch’s offer, withdrew that recommendation in light of Comcast’s higher bid.


Source: The Guardian May 23, 2018 12:35 UTC



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