Comcast looking forward to outpace Disney’s bid for FOX3 min read
A new report suggests Comcast looking forward to outpace Disney’s previous bid for acquisition of 20th Century Fox.
It was not many days ago that the Walt Disney Company officially announced that they have acquired most of the 20th Century FOX assets for a bid of $52.4 Billion. While this caused an wave of excitement among the fandom thinking about the return of the X-Men and Fantastic 4 to Marvel , a new report might disappoint those hearts.
As we all know , Time Warner and AT&T deal was sued by the Justice Department in an attempt to block the $85 billion acquisition. For some of the past years , tech giants have shown a peeking interest over traditional media investments. While the intention of upgrading one’s portfolio is a need rather than a luxury in today’s competitive market , there is also a chance of conflict within both the company’s interest values. This was one of the chief reasons why Rupert Murdoch wanted to sell his company’s property to a fellow media conglomerate.
However , some new reports from CNBC confirm that the communication company Comcast is looking forward to outpace Disney’s previous bid. The report also claims Disney to preparing for a response to the new bid from the third party , which could be favored by the shareholders. Comcast is , meanwhile , looking forward to push in a bid which could funnel in the opportunity of the shareholder’s decision to contradict Murdoch’s.
Rupert Murdoch has vouched in for Disney for multiple reasons. At this point , the ease in the regulatory process of a traditional media company to acquire another , looks to be the main reason. If one comes to terms , it is nearly impossible for Disney to outbid the like of a communication giant such as Comcast. On the other hand , successful acquisition of Time Warner by AT&T could build confidence in tech companies to invest over traditional media businesses.
While one may argue that X-Men and Fantastic 4 might eventually return to Disney , no matter what , it is not as simple as it seems. The final decisions based on the exact deal Marvel made to FOX , there are chances where Comcast can make the whole thing work without handing the reigns to Disney.
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