Comcast planning all-cash Fox bid?

Comcast planning all-cash Fox bid?

Back in December, Disney said it reached an agreement with Fox to buy the company's film and TV studios, as well as its cable networks and worldwide TV businesses in a stock-based deal.

Regardless of Comcast's offer shaking up the current progress of the deal in the works, CEO Brian Roberts has imposed his own closing condition, with the publication claiming that the deal would only push forward is AT&T's takeover of Time Warner for $85bn proceeds. After months of negotiation, they settled on a $52 billion acquisition, where Disney would acquire most of Fox's assets.

Comcast Corporation (NASDAQ:CMCSA) isn't going to simply let Disney waltz in and sweep 21st Century Fox off its feet. Comcast, Fox and Disney declined to comment.

On Monday, Reuters reported that Comcast (cmcsa) is getting its ducks in a row to scupper the deal, one way or another.

With respect to Disney and Comcast, my opinion hasn't changed: Comcast's investors are much less comfortable with the idea of buying Fox than Disney's investors are.

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Though Walt Disney Co. is already first in line to acquire part of 21st Century Fox, Comcast could potentially derail the arrangement by offering Fox a $60 billion all-cash offer. The other 39% of Sky is owned by Fox, which is keen to take control of the entire business.

Murdoch agreed to sell USA entertainment assets - though not the highly profitable Fox News Channel - to Disney, rejecting a higher offer for those assets from Comcast.

Obama administration regulators also prevented Comcast from buying Time Warner Cable, saying that Comcast could use its increased size to stifle the competition that online video streaming services pose to cable TV. It is also unclear how receptive Murdoch would be to an all-cash deal.

USA stock benchmarks finished higher on Monday, but well off the peak of the day, as energy shares pulled back following a late-afternoon tweet from President Donald Trump indicated that a decision was imminent on whether the US would decertify a 2015 Iran nuclear pact. The antitrust trial wrapped up April 30, and a ruling is expected June 12.

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