Report: Comcast May Make Another Play for 21st Century Fox
The telecom giant’s initial offer was turned down in December.
Comcast Center in Philadelphia, PA against clouds and a blue sky. andrewhuynh265 | iStock
Comcast is once again pursuing 21st Century Fox, according to a new report from the Wall Street Journal.
Comcast’s original $60 billion bid for Fox was rejected by the company, which instead struck a $52.4 billion deal with Walt Disney Co. in December. The all-stock deal gave Disney Fox’s TV and movie studio, international pay TV properties and some U.S. sports and entertainment cable networks.
According to the WSJ, Fox’s main worry about Comcast’s initial bid was that a deal between the two companies could face major antitrust roadblocks.
Comcast could ultimately not move forward with a new offer, but the company could also zero in on pursuing one particular Fox asset, like the European pay TV company Sky. With Fox’s assets, Comcast could certainly boost its content production and get more exposure to international assets like Fox’s Star India, according to the WSJ.
Comcast did not immediately respond to a request for comment.
