They said they would. And they bid. Comcast makes Fox a primo counter offer

Comcast delivers on its promise to take 21st Century Fox from Disney, in a $65B bid.

June 15, 2018

As expected, Comcast unveiled a $65B bid for the majority of 21st Century Fox — less than 24 hours after AT&T was cleared to buy Time Warner.

Now, winter is here, and Comcast will be stepping into the ring with Disney, in what, if successful, would be the 3rd largest media deal ever.

The rules: No touching of the hair or face

Comcast’s all-cash $65B bid is 19% higher than Disney’s all-stock $52.4B, but that doesn’t necessarily mean it’s a shoo-in.

First they have to convince Fox, who shot down the media conglomerate’s previously higher bid as well, fearing it wouldn’t get approved by the DoJ. 

Which could still be the case…

But the DoJ’s recent approval of AT&T/Time Warner might leave Fox a little more bullish on Comcast’s prospects.

Or who knows, maybe Rupert Murdoch is more of an Avengers fan than a Broad City guy… 

Join 1.5m+ professionals getting The Hustle daily news brief

Business and tech news in 5 minutes or less

100% free, no ads or spam, unsubscribe anytime


How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

Join us, it's free.

Look, you came to this site because you saw something cool. But here’s the deal. This site is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try.

If you don’t like it, unsubscribe any time. Privacy policy.