Comcast Could Spoil the Disney and Fox Deal; Hunting for Funding for a $60 Billion All-Cash Offer
According to news reports from Reuters and CNBC, Comcast is reportedly seeking funding for an all-cash bid of $60 billion for the media assets that Twenty-First Century Fox has agreed to sell to Disney for $52 billion. This hostile bid of $60 billion from Comcast would be separate from the firm’s $30 billion unsolicited offer to buy the 61% of Sky not owned by Fox. The bid for the Fox assets is contingent on the approval of the AT&T/Time Warner merger by the courts. We note that Comcast prev...Comcast is a media and technology company. The company's segments are: Cable Communications, which provides internet, video, voice, and security and automation services in the United States individually and as bundled services at a discounted rate over its cable distribution system to residential and business customers; NBCUniversal, which includes a portfolio of national cable networks that provide a variety of entertainment, news and information, and sports content, regional sports and news networks, international cable networks, and cable television studio production operations; and Sky, which owns a portfolio of pay television channels that provide entertainment, news, sports and movies.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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