After AT&T: Comcast Offers $65 Billion for Fox Assets

After AT&T: Comcast Offers $65 Billion for Fox Assets

Comcast on Wednesday offered to buy a big part of 21st Century Fox for roughly $65 billion, initiating a bidding war with Walt Disney.

An earlier bid by Comcast was rejected by the board of Fox because of fears that regulators would cry foul.

Now that the AT&T acquisition has been approved, however, the risk that regulators might reject it is viewed as much more remote.

“We were disappointed when 21CF decided to enter into a transaction with The Walt Disney Company, even though we had offered a meaningfully higher price,” Comcast CEO Brian Roberts wrote in a letter to Fox’s board.

In any case, arguably the biggest winner of Tuesday’s court case was a man who was not directly involved.

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