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Comcast Plans to Counter Disney’s Bid for Fox With $60 Billion in Cash

Comcast intends to intervene in the middle of a signed deal between Fox and Disneycomcast-vector-logo-small, making an all-cash bid of $60 billion for the Fox assets Disney set to purchase in December, according to Reuters. The deal is still in the early stages, which makes it the optimum time for Comcast to intercept the deal.

Comcast plans to make an offer only if the AT&T acquisition of Time Warner clears regulatory approvals.  The Justice Department sued to stop the acquisition and the case is currently in court. A bidding war might be inevitable as Disney offered $52.4 billion in Disney stock and assumption of debt, so if the $60 billion Comcast offer is made, Fox will have to consider it with its shareholders in mind. The switch to Comcast would also affect Disney’s plan to have full rights over Marvel properties.

 

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