Comcast floats 'superior' $65 billion bid for Fox

Discussion in 'Gaming News' started by Engadget RSS Feed, Jun 13, 2018 at 4:54 PM.

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    As expected, a court win for AT&T's attempt to acquire Time Warner has produced another potential mega-acquisition. Seven years after swallowing up NBCUniversal, Comcast announced it's sent a letter to 21 Century Fox's Board of Directors informing them of a $65 billion cash offer for everything that it had agreed in December to sell to Disney for $52 billion in stock. That would cover the Fox movie and TV studios, plus its share of Hulu, the FX cable networks and about $13 billion in debt, and is separate from Comcast's competing bid (against Fox) to acquire UK pay-TV giant Sky.

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    Source: Comcast

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