Comcast offers $65 billion for Fox, says government won’t stop merger

(credit: Comcast)

Comcast today made a $ 65 billion offer to buy major portions of 21st Century Fox, setting up a potential bidding war with Walt Disney Company.

Disney already struck a $ 52.4 billion all-stock deal to buy the Fox properties, but Comcast announced that it is making an all-cash offer to “provide [Fox] shareholders with certain value and immediate liquidity.”

The offer comes one day after a judge rejected the Trump administration’s attempt to block AT&T’s purchase of Time Warner Inc. The ruling suggests that Trump’s Department of Justice wouldn’t be able to stop a Comcast/Fox deal.

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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