Comcast ups Fox offer to $65 billion, outbidding Disney

Comcast Corp. has pounced.

With a federal court judge ruling Tuesday that AT&T can go ahead and acquire Time Warner for $85 billion, Comcast (NASDAQ: CMCSA), which also owns NBCUniversal, has officially made a $65 billion counterbid for the entertainment assets of 21st Century Fox that The Walt Disney Co. is set to buy.

Disney (NYSE: DIS) had offered $52 billion in stock for the Twentieth Century Fox Film and Television studios, along with the New York media conglomerate’s cable and international…...

2 Published By - San Francisco Business Times - Media & Marketing News - 2018.06.13. 22:29
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