Comcast made an all-cash $65 billion offer to Fox for the latter companies film and television assets, worldwide holdings and its stake in Hulu, topping Disney's $52.4 billion all-stock offer to Fox for the same assets.
Stay tuned to Heroic Hollywood for the latest developments on Disney and Comcast's bids for Fox's assets!
"21st Century Fox remains subject to the Disney Merger Agreement".
But some experts urged caution in thinking that the DOJ's top antitrust official Makan Delrahim would allow a Comcast-Fox deal to go through unopposed.
Analysts say the judge's go-ahead will likely rewrite the rules on how courts apply antitrust laws, paving the way for a number of other potential sales involving names like Comcast, Disney, 21st Century Fox and several other content creation and distribution companies.
If AT&T is successful in its bid to buy Time Warner, it will nearly certainly find itself competing in a media market dominated by other large, integrated providers. While the Department of Justice could still appeal, Comcast seems to believe the gateway is open and made a decision to go in with a heavy hand in regards to 21st Century Fox.
The companies have until June 21 to close the merger, per their previously set deadline. Disney has deep pockets, so if they wanted to they can increase the offer to meet Comcast's, but there is the matter of all-cash versus stock, something that 21st Century Fox will have to weigh.
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Comcast's is an all-cash deal at a significant premium over Disney's $52.4 billion all-stock package. The Walt Disney Company is also looking to make an offer on the company.
Guess we'll just have to wait and see.
The Department of Justice had sued to block the merger, claiming the combination would reduce competition and innovation in the market for pay television.
"We are highly confident in our ability to finance the transaction, and our offer includes no financing-related conditions", Roberts said. However, if Fox does back out of their proposed deal with Disney in favour of Comcast, they would owe ol' Mickey a breakup fee of $1.52 billion.
The tie-up would Wednesday largest USA pay-TV operator and the second-largest wireless phone carrier with Time Warner, owner of premium channel HBO, the Warner Bros studios, Cartoon Network and CNN. "Alternatively, Comcast would gain control of Hulu if it wins Fox".
The deal is what is known as a vertically integrated merger: a joining of two companies that do not directly compete with each other. After Fox made a takeover offer for the 61 per cent stake in Sky that it doesn't already own, Comcast launched a 22 billion pound (38.8 billion) counterbid for the business. Comcast has inched up 3 percent while Disney remained flat.