Comcast bid for Fox is next after favorable AT&T ruling

phys.org | 6/13/2018 | Staff
adele2234 (Posted by) Level 3
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Comcast will likely bid for Fox's entertainment business as early as Wednesday now that a federal judge has cleared AT&T's $85 billion takeover of Time Warner.

If Comcast succeeds in outbidding Disney for Fox, a major cable distributor would control even more channels on its lineup and those of its rivals. There are fears that it could lead to higher cable bills or hinder online alternatives.

Comcast - Bid - Works - Rush - Company

Comcast isn't likely the only mega-media bid in the works. There will probably be a rush to consolidate. Even if a company doesn't need to get bigger right away, it might need to do so to prevent a competitor from doing so.

Here's a look at some of the combinations that will transform the media landscape and change how people consume entertainment.

Disney - All-stock - Offer - Bulk - Century

Disney has made a $52.4 billion all-stock offer for the bulk of Twenty-First Century Fox, including the studios behind the "Avatar" movies, "The Simpsons" and "Modern Family," along with National Geographic. Marvel would get back the characters previously licensed to Fox, reuniting X-Men with the Avengers.

But Comcast has said it is preparing an all-cash offer that is superior to Disney's. It will likely to make an offer soon, now that the judge has ruled in AT&T's favor, without setting any conditions.

David - Turetsky - Professor - State - University

David Turetsky, a professor at the State University of New York at Albany, warns that the AT&T ruling is based on "specific facts and evidence" that may or may not apply in other cases. Still, many of the circumstances in that case are similar with a potential Comcast bid.

For Disney, a successful Comcast bid could make Disney's planned streaming service less attractive.

April - Telecom - Companies - Combination - Deal

In April, the two telecom companies announced a $26.5 billion combination. The deal would combine the nation's third- and fourth-largest wireless companies and bulk them up to a similar size to Verizon and AT&T, the...
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