You are here: Home » Reuters » News
Business Standard

Comcast offers to buy Fox media assets for $65 bln in cash


By Sheila Dang and Diane Bartz(Reuters) - Comcast Corp offered $65 billion on Wednesday for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration's attempt to block a merger with Time Warner Inc .The all-cash offer for Fox's movie and TV studios and other assets including the X-Men franchise, opens a war with Walt Disney Co , which has bid $52 billion in stock.Comcast is expected to lead a wave of traditional media companies trying to combine distribution and production to compete with Netflix Inc and Alphabet Inc's Google. The ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, June 14 2018. 01:50 IST