Movies TV

Comcast prepares to challenge Disney with possible all-cash bid for Fox assets

After bowing out of the race for Fox last year, Comcast is back with a "superior" bid they hope beats Disney.

Comcast

Those that have been dreaming of the day that the X-Men & Fantastic Four share screentime with the heroes of the Marvel Cinematic Universe, might not want to fully get their hopes up quite yet. After it seemed like an almost done deal late last year for Disney to buy up much of 20th Century Fox’s movie and television assets (the government still has to weigh in on such a deal) turns out there might actually be a possible contender.

After previously bowing out of the competition for Fox, Comcast has fully announced that they are back in on trying to buy up Fox assets with a “superior” all-cash bid that they believe is a challenge to Disney’s $52.4 billion bid, according to The Hollywood Reporter. 

The company said in a statement: “Comcast Corporation confirms that it is considering, and is in advanced stages of preparing, an offer for the businesses that Fox has agreed to sell to Disney (which do not include the Fox News Channel, Fox Business Network, Fox Broadcasting Company and certain other assets). Any offer for Fox would be all-cash and at a premium to the value of the current all-share offer from Disney. The structure and terms of any offer by Comcast, including with respect to both the spinoff of ‘New Fox’ and the regulatory risk provisions and the related termination fee, would be at least as favorable to Fox shareholders as the Disney offer. While no final decision has been made, at this point the work to finance the all-cash offer and make the key regulatory filings is well advanced.”

As with Disney’s bid, the possible deal would include Comcast being able to purchase 20th Century Fox film & TV studios, FX & FXX, a stake in international pay TV properties like Sky and much more. As mentioned before that would also give Comcast potentially control over the X-Men and Fantastic Four and hundreds of Marvel characters associated with both franchises.

There is still a chance that neither company will actually succeed in gobbling up most of Fox because the government could nix such huge mergers, as many are waiting to see if they will ultimately do with the current AT&T planned acquisition of Time Warner.

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