Comcast weighing options to acquire assets from Twenty-First Century Fox: sources

Although Fox prefers a deal with Disney rather than Comcast, more clarity on the deal will emerge later this summer when Fox, in its regulatory filing, justifies the potential deal with Disney, to its shareholders.

According to sources familiar with the matter at hand, despite having signed an agreement in December 2017 to sell its assets to Walt Disney Co for $52.4 billion Comcast Corp is evaluating Twenty-First Century Fox’s offer for the same.

These deliberations indicate that Comcast’s believes it has a chance to clinch a deal with Fox even though it previously rejected Fox’s $60 billion bid last year citing regulatory concerns.said sources.

Comcast may decide not to place any new offer; it is probably waiting to see how Fox justifies the deal with Disney in its regulatory filing to its shareholders later this summer, said the sources.

Sources preferred the cover of anonymity since the deliberations are confidential.

Disney, Comcast and Fox did not immediately respond to requests for comments.

Interestingly, in a report by the Wall Street Journal, which was the first to report on Comcast’s deliberations, the firm may offer protections to Fox, including the removal of certain assets, including regional sports channels, that could be seen as controversial to antitrust authorities. It is also possible that instead of pursuing all of Fox’s assets, it could instead zero-in on one particular one, such as European pay TV giant Sky.

According to sources, the Murdoch family, which controls Fox, prefer a deal with Disney since they would rather be paid in Disney than Comcast stock; further scrutiny from antitrust regulators is likely to be les for any potential deal with Disney rather than Fox.

Advertisements


Categories: Creativity, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy

Tags: , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: