Comcast floats 'superior' $65 billion bid for Fox

As expected, a court win for AT&T's attempt to acquire Time Warner has produced another potential mega-acquisition. Comcast just announced it's sent a letter to 21 Century Fox's Board of Directors informing them of a $65 billion cash offer for everything that it had agreed in December to sell to Disney for $52 billion in stock. That would cover the Fox movie and TV studios, plus its share of Hulu, the FX cable networks and about $13 billion in debt, and is separate from Comcast's competing bid (against Fox) to acquire UK pay-TV giant Sky.

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Source: Comcast



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