Fox Board sets date to consider Comcast’s Bid
The board of 21th Century Fox will weigh Comcast’s $65 billion bid to buy most of its film and television assets in a meeting on Wednesday, Variety has confirmed.
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The sit-down will take place a week after Comcast threw a wrench in the Walt Disney Company’s plans to purchase the bulk of Fox in a deal valued at $52.4 billion. Comcast had previously tried to buy Fox’s film and television assets, a collection of brands and labels that includes 20th Century Fox, Fox Broadcasting, and FX. However, its offer was rejected over regulatory concerns.
A recent court decision rejecting anti-trust claims and paving the way for AT&T to buy Time Warner has emboldened Comcast to make another run at Fox. At the very least, the media company hopes to drive the price up and force Disney, a chief competitor, to pay more for its prize.
To read the rest of the Variety.com article, click here.
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