How good is Comcast Corp.’s bid for 21 st Century Fox Inc .? Nothing Walt Disney Co. can’t hold.
Now that AT& T Inc. has been cleared to buy Time Warner Inc ., Comcast and Disney have each been emboldened to do their own momentous transaction. The trouble is they crave the same one. With Time Warner off the barrier, the Murdochs just so happen to have the last big bale of TV and cinema resources for the taking.
After the end of trading Wednesday, Comcast kicked off round one of a potential dictate battle, offering $35 a are taking part in currency for the fixed of assets Fox’s board had already planned to sell to Disney. Quick refresher: A enter into negotiations with either party would concern the buyer taking on Fox’s cable systems, international stakes, regional sports structures and film studio, while the Fox News and national sports networks–the Murdochs’ crown jewels–would does spun off and remain under the family’s control.