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Comcast Officially Bids $65 Billion For Fox

Written by Tim Midura on Wednesday, June 13 2018 and posted in News with Benefits

Comcast Officially Bids  Billion For Fox

This tops Disney's $52 billion deal.

Source: Deadline

What would you do with an extra $65 billion in cash? That's the price Comcast is officially offering to buy Fox, outbidding Disney's offer, which was already accepted, of $52 billion in stock. This is up from Comcast's rumored offer of $60 billion. Wall Street analysts expect Disney to match Comcast's offer, potentially taking on $37 billion in debt to do so.

Now that the AT&T and Time Warner merger has been approved, it's only a matter of time until Fox is absorbed by either Comcast or Disney. 

We'll see if that extra $13 billion is enough to keep the Fantastic Four and the X-Men from coming home to Marvel.

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