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Is Fox Leaning towards Comcast’s Bid?

Scarlett Ness
Updated
Is Fox Leaning towards Comcast’s Bid?

According to Bloomberg, 21st Century Fox (FOXA) is planning to begin discussions regarding a deal with media giant Comcast (CMCSA) in regards to Fox assets, thus paving the way for a bidding war with rival Walt Disney (DIS). Rupert Murdoch, who owns a 17% stake in Fox, earlier agreed to the deal with Disney in December 2017 for an all-stock offer of $52.4 billion. But Fox’s board is now planning to consider Comcast’s superior all-cash offer of $65 billion, announced last week.

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