Comcast Drops Out Of 21st Century Fox Bidding War With Disney

Nick Santangelo, IGN Movies
Thu, 07/19/2018 - 9:12am

The Walt Disney Company's $71.3 billion offer for 21st Century Fox looks poised to go through. That's because telecom behemoth Comcast Corporation has pulled out of its bidding war with Disney for control of Fox. CNBC, which is itself owned by Comcast, first reported the news today. The report indicates that Comcast's decision is in part so that it can refocus on its acquisition attempts of UK telecom company Sky, which Fox itself has been competing with Comcast to acquire.

Topics: walt disney company's century fox comcast corporation cnbc uk continue disney fox comcast comcast sky billion telecom

Place your ad here
Loading...

BING NEWS:

comcast corp.
Bob Iger served as Disney's top executive for 15 years, during which time he spearheaded the acquisitions of Pixar, Marvel, Lucasfilm and 21st Century Fox. "Halloween Ends" landed the top spot in ...
08/14/2020 - 6:28 pm | View Link
Fox Agrees to Sell Sky Stake to Comcast; Disney to Use $15B Cash to Reduce Debt
21st Century Fox said Wednesday that it will sell its 39% stake in Britain's Sky plc to Comcast, ending one of the longest takeover battles in U.K. history and handing control of Europe's biggest ...
09/26/2018 - 3:53 am | View Link
Sky: Comcast outbids Fox with £30bn bid for broadcaster
The bid was revived in December 2016, by which time News Corp had been broken up, leaving 21st Century Fox as one of its successors. The process has been complicated by Disney's deal to buy most ...
09/22/2018 - 8:05 am | View Link
Sky bidding war erupts with £22bn formal bid from Comcast
The media mogul's 21st Century ... for the Fox bid following Comcast's move. Sky shares closed 3.4% higher at £13.59 - more than £1 above Comcast's offer, suggesting a bidding war for control ...
04/24/2018 - 1:00 pm | View Link
More

More Movie News

More Movies News

Melissa Barrera Loves Playing Unlikable Characters — It Just Makes Her Work Better
IndieWire, Thursday - 04/18/2024 - 10:30 AM
The "Abigail" and "Scream" star "finds it way more interesting to play a character that feels irredeemable on paper," and she tells IndieWire how that drive for honesty is guiding her choices on- and off-screen.
More | Talk | Read It Later | Share
‘Transformers One’ Trailer Launches the Autobots Into Space — Literally
IndieWire, Thursday - 04/18/2024 - 10:11 AM
The first look at Paramount's animated "Transformers" origin story was livestreamed from a space shuttle 125,000 feet above the Earth. For some reason.
More | Talk | Read It Later | Share
‘Queen of the Deuce’ Trailer: Chelly Wilson’s Porn Empire Inspired the HBO Series of the Same Name
IndieWire, Thursday - 04/18/2024 - 10:00 AM
Exclusive: Writer/director Valerie Kontakos helms the documentary about the iconic Times Square businesswoman.
More | Talk | Read It Later | Share
‘Hit Man’ Trailer: Glen Powell Is a Pretend Assassin in Richard Linklater’s Latest
IndieWire, Thursday - 04/18/2024 - 10:00 AM
Powell co-wrote the script for the stranger-than-fiction tale, based on a true story.
More | Talk | Read It Later | Share
Does America Really Need to Remake British Sitcoms Anymore?
IndieWire, Thursday - 04/18/2024 - 09:30 AM
Freevee's "Dinner with the Parents" is the latest re-do which fails to justify its existence.
More | Talk | Read It Later | Share
‘Under the Bridge’: How the True-Crime Series’ Creator Pushed Past the Dead Girl Trope
IndieWire, Thursday - 04/18/2024 - 09:00 AM
Creator Quinn Shephard tells IndieWire about the decision to make the real-life book author a character in Hulu's chilling true-crime miniseries.
More | Talk | Read It Later | Share

Comcast Drops Out Of 21st Century Fox Bidding War With Disney

Welcome to Wopular

MoviesWithButter : Our Sister Site

More Movies News