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Money Comcast offers to buy Fox media assets for $65 billion in cash

23:51  13 june  2018
23:51  13 june  2018 Source:   reuters.com

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Comcast Corp offered $ 65 billion on Wednesday for Twenty-First Century Fox Inc media assets . The all- cash offer for Fox 's movie and TV studios and other assets including the X-Men franchise, opens a war with Walt Disney Co, which has bid billion in stock.

65 billion for the businesses Twenty-First Century Fox had already agreed to sell to Walt Disney Co a day after AT&T won approval to buy Time Warner. Comcast confirmed last month that it was preparing a higher all- cash offer than Disney’s billion all-stock deal for Fox ’s media assets , but

(Note: All figures in U.S. dollars. Check out our Currency Converter for the latest values.)

Comcast Corp (CMCSA.O) on Wednesday offered $65 billion (£48.6 billion) for the businesses Twenty-First Century Fox (FOXA.O) had already agreed to sell to Walt Disney Co (DIS.N), a day after AT&T (T.N) won approval to buy Time Warner (TWX.N).

Comcast confirmed last month that it was preparing a higher all-cash offer than Disney's $52 billion all-stock deal for Fox's media assets, but had been awaiting the outcome of the court hearing on the AT&T deal before bidding formally.

Fox in December agreed to sell its film, television and international businesses to Disney.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Maju Samuel)

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