Comcast dropping out of 21st Century Fox bidding, clearing path for Disney

20 July, 2018, 03:54 | Author: Kristopher Anderson
  • Comcast drops bid for 21st Century Fox assets

It looked like nothing could get in the way of Disney acquiring 21st Century Fox.until Comcast threw it's hat in the ring and started to make offers to nab the studio's assets for itself. And as with any blockbuster franchise, there are already sequels lined up.

Comcast originally held back on bidding for Fox's production assets until a federal judge approved AT&T's so-called vertical merger with Time Warner. However with Comcast out of the race, Fox shareholders really only have one option to choose and this should quicken the process.

The bidding between Comcast and Disney is part of a bigger battle in the entertainment industry as media giants splash out tens of billions of dollars on deals to be able to compete with Netflix Inc NFLX.O and Amazon.com Inc AMZN.O .

Brian Faber of CNBC was the first to reveal the news to Walt Disney Company CEO Bob Iger when he called for comment on Thursday, who responded by saying: 'Holy crap!'

For Fox shareholders, they may enjoy seeing Comcast try, but for Fox employees... Fox will maintain control of the main Fox broadcasting network, along with Fox Sports 1 and Fox Sports 2 and the Fox News cable network.

Maurizio Sarri, Jorginho Arrive in London Ahead of Chelsea FC Moves
Premier League giants, Chelsea have officially announced the sacking of their Italian manager, Antonio Conte on their social media handle.

Congratulations, Maisie Williams, the Real Winner of Game of Thrones
"Here's to the adventures to come #lastwomanstanding #barely #immasleepforthenextfouryears #justkiddingidontsleep ". And, by the Game of Thrones philosophy ("you win or you die"), that makes Maisie (not even Arya) the real victor .

Iran to only trade with countries that import its oil
Brent crude futures lost 85 United States cents to settle at US$77.39 a barrel. Benchmark Brent crude oil was up 45c at $77.75.

Comcast had been dueling with Disney for Twenty-First Century Fox, but Comcast said Thursday that it would not raise its $66 billion offer for Fox. Apple is expected to join their ranks.

That left Disney in pole position as the sole bidder.

This opens up so many possibilities for Disney, but most fans are very excited at the idea of Fox's Marvel characters crossing over into the Marvel Cinematic Universe.

While an acquisition of Britain's Sky, a broadcaster of sports, films and TV shows to 23 million homes across Europe, would significantly diversify Comcast's business overseas, it would do little to give it scale in its core US market. By contrast, Trump and Rupert Murdoch confer regularly by phone, with Murdoch offering counsel in their talks and his Fox News' most popular shows offering cheerleading coverage.

With Comcast ostensibly out of the picture, Disney is poised to gain control of Fox's film and TV studios, along with a suite of cable networks (FX, for instance) and a 30 percent share of online streaming service, Hulu.

Recommended:

  • Daley Blind closing in on Ajax return

    Daley Blind closing in on Ajax return

    Manchester United have agreed a deal with Ajax for Daley Blind to return to the Dutch club. But since Jose Mourinho arrival in 2016, Blind's playing time has decreased significantly.
    Trump told Kavanaugh of pick Sunday

    Trump told Kavanaugh of pick Sunday

    Indeed, Vox points out, CNN's Jim Acosta reported that the Trump team reviewed these comments by Kavanaugh before choosing him. The appointee would replace Justice Anthony Kennedy , 81, who announced last month that he will retire this summer.
    Former UCLA star Tyler Honeycutt found dead after standoff with police

    Former UCLA star Tyler Honeycutt found dead after standoff with police

    When police showed up at the residence, the suspect opened fire at the officers, and the officers returned fire. He also spent a year playing for Anadolu Efes , a Turkish squad, before returning to Khimki in 2017.
  • Brit diver describes unprecedented Thai cave rescue

    Brit diver describes unprecedented Thai cave rescue

    They have been recovering in hospital since they were rescued over three days last week and will discharged on Thursday. They planned to be in the cave for an hour, but flood waters forced them deeper into the cave until they were stranded.
    Trump Administration Asks for More Time to Reunite Families Separated at Border

    Trump Administration Asks for More Time to Reunite Families Separated at Border

    They will need more time to collect DNA samples or other evidence from parents who have been released from government custody. Parents who were deported without their children likely asked that their kids remain in the U.S., Azar said.
    Trump will focus on Russia's 'malign' activity at summits

    Trump will focus on Russia's 'malign' activity at summits

    Putin will meet alone at the summit because the president decided that this is the right time for direct communication, said Mr. The summit will follow a NATO meeting in Brussels where Russian Federation will also top the agenda, said U.S.
  • Trump Arrives in Finland for Meeting With Putin

    Trump Arrives in Finland for Meeting With Putin

    But doing so, Huntsman cautioned, "doesn't necessarily mean that the Russians are going to follow through". And so having meetings with Russia, China, North Korea , I believe in it.
    Whistleblower Alleges Tesla Has Misled Investors

    Whistleblower Alleges Tesla Has Misled Investors

    Following the change, Tesla buyers will only be eligible to receive the full $7,500 federal tax credit until December 31. People walk past a showroom outside Tesla China headquarters at China Central Mall in Beijing, China July 11, 2018.
    Donald Glover, John Legend, & Bruno Mars Score Emmy Nominations

    Donald Glover, John Legend, & Bruno Mars Score Emmy Nominations

    In a not unexpected development, the streaming giant Netflix led all other content providers with the most Emmy nominations today. Leading the nominations in totals by platform were Netflix (112), leapfrogging last year's leader HBO , which scored 108.
  • MLB Home Run Derby: How to watch, when it starts and more

    MLB Home Run Derby: How to watch, when it starts and more

    He trailed Max Muncy of the Dodgers 12-4 with 2:20 left, then peeled off six homers in 47 seconds before calling a timeout. A few years ago Major League Baseball revamped the Home Run Derby format to make things more exciting and hey, it worked.
    Fortnite Season 5 arrives with desert, rifts and new vehicle

    Fortnite Season 5 arrives with desert, rifts and new vehicle

    For the Nintendo Switch, Epic games has also included motion controls which can be adjusted in the Settings menu. However, the first storm circle will now only ever do 1 damage, no matter how long you're stuck in it.
    Tropical Depression Two forms in the eastern Atlantic

    Tropical Depression Two forms in the eastern Atlantic

    Meanwhile, another storm, Tropical Depression 3, is crawling over the Atlantic about 150 miles off Cape Hatteras, North Carolina. The center of Tropical Storm Fabio was located near latitude 20.2 degrees north and longitude 125.4 degrees west.


Popular

Antonio Conte Writes Emotion Message To Chelsea Following His Sacking
Sarri's first game at the helm is scheduled to be the July 23 friendly against Perth Glory in Western Australia. And an excited Sarri believes the squad is close to the level he wants before the new campaign gets underway.

Thunderstorms, Heavy Rain Headed to MetroWest
In addition, there may be some vivid lightning and damaging, straight-line wind gusts within any of these storms. The next rain and storms chance is very slim with an isolated possibility on Sunday mainly in the afternoon.

Kate Upton Is Pregnant with Her First Child!
Her photo - snapped as she posed in a red suit and white top on a balcony - showed the slightest peek of a baby bump. TMZ reports that Upton is in Miami for Sports Illustrated's Swimsuit Model Search during Miami Swim Week.

Nancy Sinatra, the first wife of Frank Sinatra, dies at 101
When Sinatra shot to fame in the 1940s, the couple relocated to Los Angeles, where their youngest daughter Tina Sinatra was born. Nancy devoted herself to family and friends and withdrew from the showbusiness spotlight after her divorce from Sinatra.

Trump claims North Atlantic Treaty Organisation victory after 'go it alone' ultimatum
Contrary to what Trump's supporters will say, the Mueller investigation is clearly not ending any time soon, nor should it. President Donald Trump as a negotiation partner at their upcoming talks in Helsinki , the Kremlin said Friday.

Thiessen: Democrats should hope for GOP unity on Kavanaugh
There has been no one with experience in elected office since O'Connor, who had been a state senator and judge in Arizona. No justice has significant experience defending criminal suspects or working in state courts, Adler noted.

Thai Cave Rescue: 4 More Brought Out So Far on Second Day
A mission to rescue a group of boys and their soccer coach trapped in the flooded cave since June 23 resumed hours earlier. The Thailand authorities have embarked on a rescue operation having assembled the best divers around the world.

Apple Music Now Has More Subscribers Than Spotify in the U.S.
Apple Music has surpassed Spotify in total number of paid USA subscribers, according to a report from Digital Music News . Apple Music is ranked at the top in the USA , with a total tally of just over 20 million subscribers as per the report.

Over 72 pct of Syria's Daraa returns under gov't control
Government forces will continue to advance at the Nassib border crossing as part of its strategy to fight the rebels, AMN reported .

Sweden marches on to quarterfinals after victory over Switzerland
Then, in the second half, Switzerland midfielder Granit Xhaka lined up a shot from outside the area and very almost whiffed. Sweden claimed a ragged 1-0 win over Switzerland to book a quarter final berth at Russian Federation 2018.