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

Reuters 

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 ...

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