Well, this may make things difficult for Disney.
For months, we’ve been building up this $52.4 billion-plus deal that would result in Disney acquiring most of 21st Century Fox’s assets. However, in recent weeks, we’ve heard rumblings that Comcast was looking to make a more generous, all-cash offer…but is this something the government would allow?
After all, Disney is big, but Disney is mostly an entertainment conglomerate, whereas Comcast is an industry that provides services to consumers. Should Comcast acquire Fox, they would not only have control of your internet, but also a portion of the content that gets streamed to it. Earlier this week, we reported that the long-in-the-making AT&T and Time Warner merger was approved by a federal judge, pretty much greenlighting Comcast to make a move. And make a move they did.
Variety is reporting that Comcast has offered $65 billion for 21st Century Fox’s TV and studio assets, significantly topping Disney’s bid by $12.6 billion — a substantial margin. Should this happen, it would merge the likes of NBC and Universal with FX and 20th Century Fox.
As big and scary as Disney is, I have to say, this feels a bit more dystopian to me. Luckily, Disney could still make a counterbid, but will they? Interestingly enough, Fox stated its board of directors recommends they vote in favor of selling to Disney.
Which titan do you want to see rise and which do you want to see fall? Let us know your thoughts down below!
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