{"id":140816,"date":"2018-06-13T20:43:12","date_gmt":"2018-06-13T20:43:12","guid":{"rendered":"http:\/\/freeonlinetranslators.net\/news\/english\/comcast-bids-for-murdochs-fox-assets-in-disney-challenge\/"},"modified":"2018-06-13T20:43:12","modified_gmt":"2018-06-13T20:43:12","slug":"comcast-bids-for-murdochs-fox-assets-in-disney-challenge","status":"publish","type":"post","link":"https:\/\/freeonlinetranslators.net\/news\/english\/comcast-bids-for-murdochs-fox-assets-in-disney-challenge\/","title":{"rendered":"Comcast bids for Murdoch’s Fox assets in Disney challenge"},"content":{"rendered":"
\"ComcastImage copyright Getty Images
Image caption Comcast chairman and chief executive Brian L. Roberts. <\/figcaption><\/figure>\n

Comcast, the US media conglomerate, has submitted another offer to buy parts of 21st Century Fox, after getting rebuffed last year in favour of Disney.<\/p>\n

Comcast said it has offered $65bn (\u00a348.6bn) in cash for Fox's studios and international businesses.<\/p>\n

The bid sets up a fight with Disney, which announced its own plan to acquire Fox's businesses last year.<\/p>\n

The two firms are also vying for ownership of Sky in the UK. <\/p>\n

Comcast said its proposal is "at least as favourable" to shareholders as Disney's offer.<\/p>\n

Comcast's proposal would create a massive media conglomerate with few rivals in America. <\/p>\n

The firm, one of the largest providers of internet and pay TV in the US, already has a large television and film business, with subsidiaries such as NBC, Telemundo, Universal Pictures and DreamWorks Animation. <\/p>\n

It is seeking to add Fox's television and film studios, as well as international properties, including Star India and Sky. <\/p>\n

The bid is a challenge to Disney, which announced in December that it would take over those assets in a stock transaction then valued at $52.4bn, or more than $66bn including debt.<\/p>\n

The deal, described by the two companies as a merger, was set to give Fox shareholders a roughly 25% stake in Disney. <\/p>\n

As part of the deal, Disney pledged to seek to win full ownership of Sky. <\/p>\n

Competition with Disney<\/h2>\n

Fox, which is led by Rupert Murdoch and his sons, rejected an offer from Comcast last year, citing concerns that antitrust officials would oppose a deal.<\/p>\n

But a court ruling this week on a similar merger may have alleviated those worries. <\/p>\n

On Tuesday, a federal judge cleared the AT&T's takeover of Time Warner, rejecting regulator concerns that the tie-up would stifle competition and lead to higher consumer prices. <\/p>\n

Regulators are currently reviewing the Disney transaction. Makan Delrahim, assistant attorney general for antitrust, recently signalled that regulators were open to the combination.<\/p>\n

Under the Disney proposal, Fox would retain its news and sports businesses, including Fox News.<\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright Getty ImagesImage caption Comcast chairman and chief executive Brian L. Roberts. Comcast, the US media conglomerate, has submitted another offer to buy parts of 21st Century Fox, after<\/p>\n","protected":false},"author":1,"featured_media":140817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-140816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/140816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/comments?post=140816"}],"version-history":[{"count":0,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/posts\/140816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media\/140817"}],"wp:attachment":[{"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/media?parent=140816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/categories?post=140816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freeonlinetranslators.net\/news\/wp-json\/wp\/v2\/tags?post=140816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}