You are here: Home » Reuters » News
Business Standard

Comcast offers $65 billion to lure Fox from Disney bid


By Carl O'Donnell and Liana B. Baker(Reuters) - Comcast Corp offered $65 billion on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co , setting up a bidding war between two of the largest U.S. media companies with its 20 percent higher offer.Comcast Chief Executive Brian Roberts said he was highly confident regulators would allow Comcast to acquire most of Fox's media assets after AT&T Inc's court victory on Tuesday, which allowed it to buy Time Warner Inc for $85 billion.The fight to win Fox's assets is shaping up to be a summer blockbuster starring ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, June 14 2018. 05:20 IST