Disney's Acquisition Of Fox May Not Be A Done Deal - A New Report Indicates That Comcast May Top Their Bid
A new report by CNBC claims that negotiations are technically still open, and that their own parent company, Comcast, is considering topping Disney's $52.4 billion offer.
Apparently, Rupert Murdock had considered Disney to be the safer option because a partnership with Comcast would have a harder time passing government regulation. That deal would be viewed as being very similar to At&T's attempted acquisition of Time Warner which has faced strong government opposition. But, should AT&T be allowed to buy Time Warner, Fox could well consider Comcast's offer if they do indeed outbid Disney.
There are clearly a lot of variables at play here, but if this report is accurate, we should probably hold off on those united MCU parties for a little while!
WaltDisney CEO Bob Iger told CNBC on Tuesday he's "encouraged" about the prospects for regulatory approval of the company's mega-deal with fox
The agreement, which was announced in December, is now working its way through the regulatory process and is still on track to take about 12 to 18 months to complete