Comcast Wants to Buy Fox, and the Post-Net Neutrality Corporate Takeover of the Internet Begins
https://motherboard.vice.com/en_us/article/gyk3xb/comcast-21st-century-fox-merger-net-neutrality
Encouraged by this week’s AT&T court victory, Comcast has announced a $65 billion all cash offer for 21st Century Fox’s TV and studio assets. The company’s bid puts it on a collision course with Disney’s own efforts to acquire Fox, and also heralds a new era of merger and acquisition mania where consumer welfare and competition is proving to be a distant afterthought. In a statement, Comcast said the company’s bid was a notable step up from Walt Disney’s existing $52.4 billion offer, setting up a showdown between two companies that have had a contentious relationship ever since Disney rebuked Comcast’s $54 billion hostile takeover attempt back in 2004.
Comcast’s deal would include the FX cable network, a large number of lucrative regional sports networks, and a stake in British pay TV operator Sky, but would exclude Fox Sports, Fox News, and Fox Broadcasting, which would remain under the Fox ownership umbrella. The acquired Fox assets would then be fused to the NBC Universal properties Comcast acquired in 2011.