Comcast Mulling New Bid For Fox Assets: Sources

www.oann.com | 11/6/2017 | Staff
megzmegz123 (Posted by) Level 3
(Reuters) – Comcast Corp is considering a new offer for Rupert Murdoch’s Twenty-First Century Fox assets, despite an agreement in December to sell them to Walt Disney Co for $52.4 billion, according to people familiar with the matter.

Comcast’s deliberations indicate that it believes it still has a chance to clinch a deal with Fox, even though it previous bid last year for more than $60 billion was rejected over concerns that regulators worried about media consolidation could thwart it, the sources said.

Comcast - Offer - Sources - Decision - Fox

Comcast may decide not to make any new offer, the sources said. Its decision will be informed by how Fox justifies the deal with Disney in a regulatory filing to its shareholders sometime before they are asked to vote on the deal this summer, the sources added.

The sources asked not to be identified because the deliberations are confidential. Comcast, Disney and Fox gave no immediate comment.

Comcast - Protections - Fox - Assets - Deal

Comcast might be prepared to offer protections to Fox such as agreeing to remove certain assets from the deal that prove controversial in...
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