Late last year, one of the big pieces of news was Disney’s purchase of 21st Century Fox. While the Department of Justice still needs to review and approve this purchase, the deed seems all but done, right? Apparently not.
In a new report from CNBC stated that, according to people familiar with the matter, that Comcast could also consider topping Disney’s bid for Fox’s purchase. If you’ll recall, last year, Disney wasn’t the only big name vying for Fox. During the conversations, Comcast was stated to be another interesting party, though Disney was always the one who many thought would have the winning bid.
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Of course, this isn’t a settled matter, by any means. No decision has been made, and Comcast may very well sit back and let this Fox acquisition happen without lifting a finger. However, if they do make another bid, the outlet continues, stating that Disney is already prepping to make another bid that would top Comcast’s. However, there’s some indication that they may not accept a Comcast bid, and that even last year Comcast expressed interest to top Disney’s bid. However, Rupert Murdoch opted to go with Disney in order to avoid regulatory concerns with Comcast.
And yet another caveat is that if the bid is large enough, Murdoch could be outvoted by Fox shareholders, as he and his family only own 17 percent of outstanding shares.
So what does all this mean? As of right now, nothing, but don’t be surprised if something happens before this deal with Disney if finalized.
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