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– by Joseph Jammer Medina

disney fox merger

Thanks, Obama!

I know many of us already had our cork boards, push-pins, and balls of yarn out, ready to map out the best way for the X-Men and Fantastic Four to make their grand entrance into the Marvel Cinematic Universe, but hopefully you saved your receipts from Joann Fabrics, because the deal may not be going through.

Last year, one of the bigger pieces of film-related news was that Disney had pretty much locked down the deal to acquire most of 21st Century Fox’s assets. Of course, a lot of work still needed to be done, and even a review from the U.S. Department of Justice was in the cards, but it all seemed to be like a formality. However, about a month ago, that changed.

There was a report that stated that Comcast was prepping a cash offer for Fox, and that the former could derail the deal they had lined up with Disney. At the time, the report was kind of a fly-on-the-wall rumor, but now some Wall Street analysts are saying there’s a real reason to think this deal could be in jeopardy.

Rupert Murdoch, the man in charge of Fox is reportedly not set on selling to Disney, and is interested in doing business with the highest bidder. From what we know, Disney’s bid was $52.4 billion, and that Comcast could very well be offering $60 billion. Any rumors that have been circulating about Murdoch hoping to become one of the largest Disney shareholders in the process of being acquired and avoiding some taxes are false.

“Rupert, like his shareholders, [is] now fully aligned and simply [wants] the best possible outcome, meaning the most dollars, whether that’s cash or cash and stock,” Rupert Greenfield of BTIG told digital news network Cheddar.

Will Comcast go through with a $60 billion bid, and is it a move that will be allowed? We’ll have to wait and see!

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SOURCE: THR

Joseph Jammer Medina is an author, podcaster, and editor-in-chief of LRM. A graduate of Chapman University's Dodge College of Film and Television, Jammer's always had a craving for stories. From movies, television, and web content to books, anime, and manga, he's always been something of a story junkie.