Comcast Just Topped Disney's $52.4 Billion Bid for 21st Century Fox

Comcast Just Topped Disney’s Bid for 21st Century Fox

Posted by June 13, 2018 Comment

Hot on the heels of the judge’s decision to allow AT&T to merge with Time Warner, Comcast has entered a rival bid to purchase FOX. Disney had previously aimed to pick up 21st Century FOX’s studio/television holdings for a reported $52.4 billion, and Comcast has apparently vowed to top that.

Deadline and Variety (which has probably the most comprehensive write-up of the current situation of the proposed purchases) are both reporting the same thing: that the internet provider/cable giant has said they intend to top the existing offer from Disney with a possible $65 billion counter-offer.

“We have long admired what the Murdoch family has built at Twenty-First Century Fox,” Comcast CEO Brian Roberts wrote in a letter to Fox’s controlling Murdoch family. “After our meetings last year, we came away convinced that the 21CF businesses to be sold are highly complementary to ours, and that our company would be the right strategic home for them.”

We will let you know as further information about this deal becomes available, like just how far above Disney’s offer Comcast is willing to go (almost double, wow) and if/when FOX makes a decision about who will be the purchaser of their assets.

(Last Updated June 13, 2018 3:25 pm )

Related Posts

None found

About Mary Anne Butler

Bleeding Cool News Editor Mary Anne Butler (Mab, for short) has been part of the fast-paced world of journalism since she was 15, getting her start in album reviews and live concert coverage for a nationally published (print) music magazine. She eventually transitioned to online media, writing for such sites as UGO/IGN, ComicsOnline, Geek Magazine, Ace of Geeks, Aggressive Comix (where she is still Editor-in-Chief), and most recently Bleeding Cool.



Over the past 10 years, she’s built a presence at conventions across the globe as a cosplayer (occasionally), photographer (constantly), panelist and moderator (mostly), and reporter (always). 



Interviews, reviews, observations, breaking news, and objective reporting are the name of the game for the founder of Harkonnen Knife Fight, a Dune-themed band with an international presence. 



Though she be but little, she is fierce. #MabTheProfessional

View All Posts