Comcast Reopens Bid for Fox, Interrupting an Ongoing Deal with Disney 

Although 21st Century Fox Inc. had accepted Walt Disney Co.’s $52 billion deal, Comcast Co. reemerged as a competitor for buying the entertainment corporation. Last year, Comcast, then focusing the European-based Sky PLC, lost to Disney on capturing Fox. Citing concerns on the pressures that the US cable industry faces, analysts say Europe is highly appealing for a company like Comcast.

Fox would pay around $1.5 billion to Disney if they reneged on the deal, though Comcast’s offer of $60 billion would recoup the loss. Previously, Fox co-chairman Rupert Murdoch selected Disney’s lower bid due to what he perceived as smaller regulatory hurdles. The Justice Department’s resistance to AT&T’s attempt at buying Time Warner Inc. has many concerned about obstacles to the deal. In 2015, Comcast was also denied the ability to purchase Time Warner.

Disney sees value in Fox’s studios as well as regional sports networks. Though there’s less precedent for regulatory challenge to such a transaction, observers are growing more concerned about Disney’s dominant position in the industry. Many say that the key to the deal will be the guaranteeing the careers of Rupert Murdoch’s sons. The eldest has been pegged as the leader of the “New Fox,” reorganizing whatever is left of the company after the sale to Disney.

It’s unclear which buyer has the edge; and, with regulatory eyes watching closely, the uncertainty may persist until the deal is completely done.

Follow us on social media for the latest updates in B2B!

Image

Latest

Cyber-first approach
From Bollards to Bytes: Why Security Firms Need to Adopt a Cyber-First Approach
April 23, 2024

How can the security industry effectively navigate the shift from traditional physical security measures to adopting a cyber-first approach in its sales and integration strategies? The transition from physical to digital security solutions was a major theme at the International Security Conference & Exposition West 2024 held earlier this month. On a recent episode of […]

Read More
Security Operations Improvements Will Come Via Worker Empowerment
April 23, 2024

The security industry can harness technological tools to optimize workflows and to help further enhance operational efficiency. Much of that can come via retooling, and educating, the labor force to enhance operations within security and control centers.  In an episode of MarketScale’s premier roundtable discussion show, Experts Talk, previewing major trends for ISC West […]

Read More
smart city technologies
Smart City Technologies Rely on Edge Computing for Responsive Disaster Recovery
April 23, 2024

How can smart city technologies enhance local and national response efforts, particularly in disaster recovery scenarios like the Virginia Beach flood resilience initiative? Dustin Seetoo, a Rugged Edge Computing Industry Leader, suggests that the intersection of IoT and rugged edge computing is critical for deploying resilient and responsive smart city solutions. “Specifically, in this […]

Read More
augmented reality in dentistry
Augmented Reality vs. Virtual Reality in Dentistry
April 23, 2024

Augmented Reality (AR) and Virtual Reality (VR) technologies are paving the way for groundbreaking advancements in dentistry, particularly in enhancing the precision and efficiency of dental procedures. Though often mentioned in the same breath, these technologies offer distinct experiences and have varied applications in dental practice. The Distinction Between AR and VR in Dentistry […]

Read More