Comcast prepares to duel with Disney over Rupert Murdoch's company — Fox hunt

Comcast prepares to duel with Disney over Rupert Murdoch's company — Fox hunt

Once seen as a sure thing purchase by The Walt Disney Company, with Comcast talking to investment banks about putting in a bid for 21st Century Fox, Disney's acquisition of 21st Century Fox is now in peril.

James Murdoch will not move to The Walt Disney Co. if a $52.4 billion deal for 21st Century Fox's media assets is completed and will instead look to start a venture capital fund to invest in digital and global media businesses, The Wall Street Journal reported Tuesday.

Late Monday, Reuters reported that Comcast was lining up financing to make an all-cash bid for Fox's vaunted TV and movie studio, FX, National Geographic channels, almost two dozen regional sports networks and control of the online streaming service Hulu.

Comcast, which is valued at $147 billion, is the world's largest broadcasting company.

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The Walt Disney Company and Twenty-First Century Fox, Inc.

Comcast and Disney see the writing on the wall - change and adapt or become Blockbuster. Disney is going to be launching its own video streaming services in 2019. Fox, citing regulatory concerns, turned down a Comcast stock offer in the low $60 billion range before sealing the Disney deal, people familiar with the matter have said. (21st Century Fox) today announced that they have entered into a definitive agreement for Disney to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and worldwide TV businesses, for approximately $52.4 billion in stock (subject to adjustment). These two businessmen do not like each other.

According to CNBC, Comcast's bid would go forward if the United States Government approves AT&T's acquisition of Time Warner. The 21st Century Fox deal is their latest battleground.

Comcast is considering making a play to break up that deal, and has lined up around $60 billion in financing to make an all-cash offer for the Fox assets, the people say.

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