Community Forums > Movies & TV
Disney bought Fox: Fox Shareholders Agreed to $71B Disney Buyout!!
ShyGuy:
I enjoy the shared audience experience of going to a movie theater.
nickmitch:
Comcast says it will bid on Fox, in attempt to block Disney acquisition
Exciting developments!
BlackNMild2k1:
--- Quote from: nickmitch on May 23, 2018, 05:00:04 PM ---Comcast says it will bid on Fox, in attempt to block Disney acquisition
Exciting developments!
--- End quote ---
Hmmm... they seem to suggest that the AT&T merger might go thru.
I don't see anything in the article to suggest that other than
--- Quote from: https://www.theverge.com/2018/3/22/17152518/att-time-warner-merger-trial-justice-department ---Furthermore, the proposed merger is a vertical one — that is, AT&T and Time Warner are not rivals. That could weaken the Justice Department’s call for antitrust action. A similar merger between Comcast and NBCUniversal was approved without a lawsuit in 2011, although Comcast agreed to a consent decree forbidding it from treating NBCU content more favorably than competitors on its network.
--- End quote ---
I had to look it up, but I thought Time Warner still included the cable company... but apparently that is no longer true.
https://www.adweek.com/tvspy/time-warner-and-time-warner-cable-are-two-different-things/180524
So hopefully the anti-trust stuff sticks, or at least drags the case out long enough that the Disney vote happens before the verdict, and therefore before the Comcast bid. Hopefully Murdoch will get the vote moved up to early June, and the AT&T/TW cast delays well into August.
nickmitch:
I'm wondering is Comcast is acting on speculation. Or if maybe they have some insider info either industry rumblings or if they bought some access.
BranDonk Kong:
Pretty sure this still wouldn't be approved, and also Comcast's cash offer is not as good as Disney's offer because it would have to be taxed, making it actually a smaller offer - and Disney's stock is surely worth more than what Comcasdt is offering. I think Comcast it just trying to look like they have a leg to stand on.