Comcast offers to buy Fox media assets for US$65 billion in cash

Comcast offers to buy Fox media assets for US$65 billion in cash

A company flag flutters over Fox Studios in Los Angeles, California, U.S. June 13, 2018.
REUTERS/Mike Blake
REUTERS: Comcast Corp on Wednesday offered US$65 billion for the businesses Twenty-First Century Fox had already agreed to sell to Walt Disney Co , a day after AT&T won approval to buy Time Warner .Comcast confirmed last month that it was preparing a higher all-cash offer than Disney's US$52 billion all-stock deal for Fox's media assets, but had been awaiting the outcome of the court hearing on the AT&T deal before bidding formally.
Fox in December agreed to sell its film, television and international businesses to Disney.(Reporting by Arjun Panchadar in Bengaluru; Editing by Maju Samuel)
Source: Reuters
 Source : http://www.channelnewsasia.com/news/business/comcast-offers-to-buy-fox-media-assets-for-us-65-billion-in-cash-10429946