Published: Wed, May 09, 2018
Money | By Bruce West

Disney-Fox Deal Could Get Derailed By Potential Cash Offer From Comcast

Disney-Fox Deal Could Get Derailed By Potential Cash Offer From Comcast

Thus reenter into the picture Comcast.

According to the report, Comcast CEO Brian Roberts wants to go through with the bid-but only if the pending $85 billion acquisition of Time Warner by AT&T ultimately goes through.

Under the deal, Disney will also acquire FX Networks, National Geographic Partners, Fox Sports Regional Networks, Fox Networks Group International, Star India and Fox's interests in Hulu, Sky plc, Tata Sky and Endemol Shine Group.

The cable and broadband giant is in talks with banks to obtain some $60 billion in bridge financing needed to bid for Rupert Murdoch's Fox, said reports.

Media investment analysts are throwing cold water on Comcast's chances of poaching 21st Century Fox assets from Disney. Getting control of 21st Century Fox would make Comcast the biggest player in Hollywood, even more so than the mighty Disney. Comcast's $31 billion bid is now being considered by European Union regulators. The antitrust trial wrapped up April 30, and a ruling is expected June 12.

Intriguingly, one of the selling points to Murdoch for Disney CEO Bob Iger's overtures a year ago was that Murdoch felt there would be less a concern for antitrust challenges with Disney. Fox has been trying for more than a year to complete the buyout of the remaining stake that it does not own, but the sale has been effectively stalled by United Kingdom regulators. However, numerous subsidiary sports networks, plus 20th Century Fox, Fox 2000, Fox Searchlight, and other movie studio brands would end up in the ownership of Fox's preferred suitor.

The original Fox-Sky combination has also been further complicated by Fox's agreement to sell many of its TV and film assets to Walt Disney Co, including its stake in Sky, for $52bn.

Fox had reportedly already come to a decision with Disney regarding the majority of its media departments in December, with their respective boards of directors already flashing their thumbs up.

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