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Comcast: The force awakens?
Back in December, The Walt Disney Co. struck a deal to buy 21st Century Fox’s entertainment assets for $52.4 billion in stock. But Comcast had actually offered 15 percent more, and now it’s thinking about making another go at Fox, according to The Wall Street Journal. Maybe a Disney-Fox deal isn’t a foregone conclusion. The Journal says Fox turned down an offer from cable giant Comcast that was in the low-$60 billions, fearing that regulators might shoot the deal down. A few factors might lead Comcast to try again; if the AT&T-Time Warner deal gets approval from regulators, for example, Comcast might feel “emboldened.” There are obviously a lot of “ifs” here. But it’s a reminder that it’s not over ’til it’s over.
Just briefly:
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