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...Walt Disney is an entertainment company. The company's segments are: Media Networks, which includes domestic cable networks, broadcast television network and domestic television stations, and television production and distribution; Parks, Experiences and Products, which includes theme parks and resorts, and consumer products operations; Studio Entertainment, which includes motion picture production and distribution, music production and distribution, and post-production services; and Direct-to-Consumer and International, which includes international television networks and channels, direct-to-consumer streaming services, and other digital content distribution platforms and services.
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