Magazine article Screen International

Comcast Ready to Trump Disney with Fox Bid

Magazine article Screen International

Comcast Ready to Trump Disney with Fox Bid

Article excerpt

A figure of $60bn has previously been mooted by reports in the US.

Comcast has revealed it is preparing to gatecrash Disney’s bid to buy 21stCentury Fox’s entertainment assets by making a superior offer.

The NBC owner, which has separately tabled a formal bid for Sky, said it is in “advanced stages of preparing” an all-cash bid for the parts of Fox that Rupert Murdoch’s company has already agreed to sell to Disney.

Disney’s bid is an all-share offer and Comcast said its terms would be “at a premium” to those offered by its rival.

Comcast added: “The structure and terms of any offer by Comcast, including with respect to both the spin-off of ‘New Fox’ and the regulatory risk provisions and the related termination fee, would be at least as favourable to Fox shareholders as the Disney offer. …

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