Comcast challenges Disney with $65B bid for Fox

Comcast challenges Disney with $65B bid for Fox

6 years ago
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https://apnews.com/96c75b394c5b4f71b2cea6afd54b5ac5

NEW YORK (AP) — Comcast made a $65 billion bid Wednesday for Fox's entertainment businesses, setting up a battle with Disney to become the next mega-media company.

The bid comes just a day after a federal judge cleared AT&T's takeover of Time Warner and rejected the government's argument that it would hurt competition in cable and satellite TV and jack up costs to consumers for streaming TV and movies. The ruling signaled that Comcast could win regulatory approval, too; its bid for Fox shares many similarities with the AT&T-Time Warner deal.