Comcast Lines Up Financing for Possible Hostile Bid for 21st Century Fox

Fox Jumps on Report That Comcast Is Considering Counterbid to Disney

Iger spoke with CNBC ahead of the Disney's Quarter 2 earnings call for 2018, when he said he's confident that the company will close the deal for 20th Century Fox and many other properties.

James Murdoch will not move to The Walt Disney Co. if a $52.4 billion deal for 21st Century Fox's media assets is completed and will instead look to start a venture capital fund to invest in digital and worldwide media businesses, The Wall Street Journal reported Tuesday.

Comcast, who initially cited sturdy stock as a reason for 21st Century Fox to accept their deal instead of The Walt Disney Company's, has seen shares fall about 15 percent since Disney announced their bid for Fox.

Comcast hasn't yet decided whether to proceed with a hostile bid.

It is speculated that once and if a federal judge rules in Comcast's favor regarding the AT&T-Time Warner acquisition, that Comcast will then focus on 21st Century Fox.

New York Yankees to play games in London
There were significant challenges that had to be overcome. "All the hard work has paid off", Khan said. Each Yankee and Red Sox player will receive an additional GBP 44,000 (USD 60,000) to play in London.


Separately, on another track, Comcast and Fox are each vying for full control of Sky and have lobbed in bids.

The Walt Disney Company and Twenty-First Century Fox, Inc. Once seen as a sure thing purchase by The Walt Disney Company, with Comcast talking to investment banks about putting in a bid for 21st Century Fox, Disney's acquisition of 21st Century Fox is now in peril.

Comcast has circled the Fox assets for months.

One concern raised from the Fox side during the last round of deliberations was the relative value of Comcast shares versus Disney shares, so an all-cash bid would take that off the table, the person said. But despite Comcast's larger bid, Disney CEO Bob Iger is still confident that the Disney/Fox merger will go through. Fox's shares are up almost 50 per cent since early October.

21st Century Fox and Wall Street Journal-parent News Corp share common ownership.

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