Connect with us

Hi, what are you looking for?

THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle



Disney increases bid for Fox

Disney raises the stakes

The media-giant recently increased their bid to acquire 20th Century Fox, giving them the edge over Comcast to acquire the media giant.

Disney originally locked in a bid of $52.4 billion for Fox, but after a judge approved the AT&T-Warner deal, Comcast rebutted with a $60 billion offer. After the ruling, the world anxiously awaited a bidding war between media-giant Disney and media-distributor Comcast – and sure enough, they did not disappoint.

The most recent development in the battle for Fox came this week as Disney upped its offer to $71.3 billion. Additionally, an even split of cash and stock will now comprise the deal, in comparison to the original offer which only offered stock.

The deal would put two of the largest media empires under the same roof – according to Business Insider, Disney and Fox are the second and fourth biggest media companies in the world, respectively. Comcast falls between the two in third place.

Obviously, either deal would face an antitrust court decision. Comcast-Fox would pose a case a similar to AT&T-Warner, as the merger would create a distributor-creator relationship. Seemingly, Comcast would have no problem with approval, as AT&T-Warner slid by without any adjustments to the deal. However, Disney might face a tougher case, as a creator-creator merger could provide too much media-creation dominance.

As of now, barring any court decision, Disney seems to have the best chance of acquiring Fox. An increased bid from Comcast would increase their already mountainous amount of debt, which could ultimately lead to the collapse of the company.

Nevertheless, this is an exciting time for antitrust law as mergers and acquisitions continue to increase in 2018. There could be a new media giant in town soon enough.


Featured image via Flickr/Shakir Superville

Comment Template

You May Also Like


U.S. antitrust regulators are investigating Big Tech’s role in the AI boom and if its business practices impede competition. The U.S. Department of Justice...


In the summer of 2018, Walt Disney and Warner Bros. Discovery will launch a subscription service in the US that combines Disney+, Hulu, and...


Disney Triumphs Over Critics Following Intense Battle Disney has emerged victorious in a boardroom battle against activist investors, including Nelson Peltz of Trian Management,...


AT&T Data Breach Exposes Millions in Dark Web Incident Personal data belonging to a staggering 73 million current or former AT&T customers has been...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.