Likelihood of another Comcast offer for Fox assets has gone down: Faber

Likelihood of another Comcast offer for Fox assets has gone down: Faber

6 years ago
Anonymous $TjsaxHwAP-

https://www.cnbc.com/2018/07/11/likelihood-of-another-comcast-offer-for-fox-assets-has-gone-down-fabe.html

The likelihood of a potential competing offer by Comcast for Twenty-First Century Fox's movie studio and other assets has diminished, CNBC's David Faber reported on Wednesday.

That's because Comcast, the parent of CNBC, is expected to raise its bid for Sky, the U.K. media company partly owned by Fox, which has recently raised its own bid to acquire the remaining 61 percent stake it doesn't own. Comcast is expected to bid higher than Fox's most recent offer, Faber said on CNBC.