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Comcast has offered US$65 billion in cash for 21st Century Fox

Miryana Márquez| June 14, 2018

21 Century FOX

Comcast announced on Wednesday, June 13th, an offer of US$65 billion for 21st Century Fox that establishes a struggle with Walt Disney, which had already offered US$52.4 billion for those assets.

The sum offered by Comcast is 19% higher than that proposed by Disney.

Comcast’s cash offer occurs only 24 hours after a federal judge approved the merger of AT&T and Time Warner. The executives of Comcast were waiting for the decision on the case.

Comcast’s bid also includes a 30% stake in Hulu. Just like the Disney deal, Comcast would become a majority owner of the streaming service if its proposed acquisition is approved.

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