Comcast offers to buy Fox media assets for $65 billion in cash

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Comcast offers to buy Fox media assets for $65 billion in cash


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(Reuters) – Comcast Corp on Wednesday offered $65 billion for the businesses Twenty-First Century Fox had already agreed to sell to Walt Disney Co, a day after AT&T won approval to buy Time Warner.

A sign is shown at the entrance to Fox Studios in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake

Comcast confirmed last month that it was preparing a higher all-cash offer than Disney’s $52 billion all-stock deal for Fox’s media assets, but had been awaiting the outcome of the court hearing on the AT&T deal before bidding formally.

Fox in December agreed to sell its film, television and international businesses to Disney.

Reporting by Arjun Panchadar in Bengaluru; Editing by Maju Samuel



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