For months, it’s seemed like the deal between Fox and Disney was a done deal. After months of negotiation, they settled on a $52 billion acquisition, where Disney would acquire most of Fox’s assets. Of course, with this, the House of Mouse would take in all their studio assets — pretty much everything apart from Fox’s news network and local sports stuff.
All we needed to wait for was for all the particulars to go through — including a review from the Department of Justice. However, all of that seemed to be just a formality, and all the talk seems like things would be going forward smoothly, for better or worse. Reuters is now reporting a potential wrench in the machine.
According to the outlet, Comcast Corp is “asking investment banks to increase a bridge financing facility by as much as $60 billion” so they can make a cash offer to acquire the 21st Century Fox media assets they agreed to sell to Disney.
However, that’s not to say this is guaranteed to happen. According to the sources, Comcast exec Brian Roberts will only go through with this is the AT&T/Time Warner $85 billion merger goes through. This decision is expected to go through in June.
What do you think of this potential deal? Let us know your thoughts down below!
Don’t forget to share this post on your Facebook wall and with your Twitter followers! Just hit the buttons on the top of this page.