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Comcast won't make another bid for Fox

2018-07-17 10:55 by
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According to a recent report from CNBC, Comcast is unlikely to make another bid for 21st Century Fox's movie and TV holdings. Instead it's said that Comcast is focused on bidding for Britain's Sky television.

It's been rumored for weeks that Comcast could be taking such a turn with its bidding strategy, ever since the DOJ approved Disney's bid proposal back in late June. While Disney was approved to bid on Fox's TV and Movie holdings, it was deemed that the former was disqualified form taking over the Fox Regional Sports Network, as it would be too great of a monopoly.

21st Century Fox, home to popular franchises like X-Men, Deadpool, Ice Age and The Simpsons, agreed to Disney's bid of $71.3 billion in June, rejecting Comcast's $65 billion offer. Sky television is an attractive prize for Comcast, as it would give the cable provider a much bigger extension into the UK market.

This also means the Disney-Fox deal is essentially cleared to go, and we could see Fox's network of RSNs sold to facilitate that, as Disney agreed to do to get regulatory approval.

Read more -here-

 

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