Comcast Outbids Disney With $65 Billion Offer To Buy 21st Century Fox

Not so quick.

That’s what media conglomerate Comcast is saying to the Walt Disney Company, which reached a deal last December to purchase nearly all of belongings belonging to Rupert Murdoch’s 21st Century Fox for $52.four billion.

Today, Comcast, which additionally owns NBCUniversal, made a suggestion that tops Disney’s bid by round $13 billion. Comcast’s $65 billion all-cash deal units up a possible bidding warfare between itself and Disney, each of whom try to exchange sagging cable subscriptions with new content material libraries (20th Century Fox/FX Networks), in addition to achieve different useful belongings like a 30% stake in Hulu, an almost 40% stake in European pay television operator Sky, and entry to the Indian market by way of Star, a media firm that reaches a whole lot of hundreds of thousands of individuals in that area each month. (To put the size of this deal into perspective, keep in mind that Disney paid solely $15.5 billion for Pixar, Lucasfilm, and Marvel mixed.)

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