Comcast ponders new bid for 21st Century Fox: US media

February 12, 2018
US cable company Comcast is reportedly considering relaunching a bid to acquire 21st Century Fox even as Disney works to complete a $66.1 billion acquisition of part of Rupert Murdoch's empire

US cable company Comcast, which in December dropped an attempt to acquire 21st Century Fox, is considering relaunching that bid even though Walt Disney Co. has reached a deal, the Wall Street Journal reported.

The report, based on sources close to the matter, comes as Disney works to complete a $66.1 billion acquisition of part of Rupert Murdoch's empire.

If approved by antitrust authorities, Fox would add the 20th Century Fox film company, British satellite television giant Sky and American video streaming platform Hulu to Disney's portfolio.

According to the Journal, Comcast's revival of its bid may be influenced by Fox publishing a proxy statement indicating the "general process that led up to sealing a deal."

It said Comcast would be willing to offer Fox guarantees, including withdrawing certain assets such as local sports channels to avoid too heavy a concentration in television, to ensure the US government approves the deal.

Disney has offered to regroup the 20th Century Fox film studios with its own—they account for 40 percent of American box office revenues between them.

In television, FX and National Geographic would join ABC and ESPN as channels owned by Disney.

Authorities—which blocked AT&T's acquisition of Time Warner— may not make a decision until 2019.

Explore further: Comcast reportedly no longer in deal talks with Fox

Related Stories

Comcast reportedly no longer in deal talks with Fox

December 12, 2017

Citing a Comcast statement, the Wall Street Journal reported that the cable company is no longer in discussions to buy pieces of 21st Century Fox . That could open the door to a Disney bid.

Fox looks to wrap up Sky takeover in UK, hand over to Disney

December 14, 2017

21st Century Fox said Thursday it will still try to complete its 11.7 billion pound ($15.4 billion) takeover offer for Sky, a move that would hand the major European broadcaster over to Disney as it in turn buys most of Fox.

Recommended for you

Permanent, wireless self-charging system using NIR band

October 8, 2018

As wearable devices are emerging, there are numerous studies on wireless charging systems. Here, a KAIST research team has developed a permanent, wireless self-charging platform for low-power wearable electronics by converting ...

Facebook launches AI video-calling device 'Portal'

October 8, 2018

Facebook on Monday launched a range of AI-powered video-calling devices, a strategic revolution for the social network giant which is aiming for a slice of the smart speaker market that is currently dominated by Amazon and ...

Artificial enzymes convert solar energy into hydrogen gas

October 4, 2018

In a new scientific article, researchers at Uppsala University describe how, using a completely new method, they have synthesised an artificial enzyme that functions in the metabolism of living cells. These enzymes can utilize ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.