Comcast confirms it's close to bidding for Fox to beat out Disney

Comcast confirms it's close to bidding for Fox to beat out Disney

6 years ago
Anonymous $CLwNLde341

https://www.cnet.com/news/comcast-confirms-it-wants-to-swipe-fox-out-from-under-disney/

Comcast, the biggest cable operator in the US, confirmed it is close to a bid to buy 21st Century Fox, the company said in a release Wednesday, in a move to swipe the programmer from fellow media titan the Walt Disney Co. 

Disney signed a deal in December to buy major parts of Fox in a $52.4 billion all-stock deal, at the time a stunning illustration of the lengths Hollywood companies would go to join forces against growing competition from digital powerhouses like Netflix and Amazon.