Comcast is said to include $2.5 billion break-up fee in Fox bid

Comcast is said to include $2.5 billion break-up fee in Fox bid

Comcast is prepared to offer $2.5 billion in break-up fees in its bid for Twenty-First Century Fox assets, according to the Financial Times. The cable company, and owner of CNBC-parent NBCUniversal, is planning to make a $60 billion, all-cash offer in mid-June for some of Fox’s assets, sources have said. An earlier bid was rebuffed in lieu of a potential deal with Disney. A regulatory filing last month showed Fox initially chose Disney over Comcast…

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Disney CEO Bob Iger: Confident deal with Fox will close

Disney CEO Bob Iger: Confident deal with Fox will close

Walt Disney CEO Bob Iger told CNBC on Tuesday that he remains “confident” the deal with Twenty-First Century Fox will move forward. Disney’s $52 billion bid for Fox was announced in December. On Monday, sources told CNBC that Comcast is planning a $60 billion all-cash bid to acquire Fox’s assets if the U.S. government approves AT&T’s acquisition of Time Warner. “We made a good deal, actually a deal that shareholders reacted quite favorably to and…

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Comcast plans to make an all-cash bid for Fox if AT&T-Time Warner is approved

Comcast plans to make an all-cash bid for Fox if AT&T-Time Warner is approved

Comcast is planning a $60 billion all-cash bid to top Walt Disney on its deal to acquire most of Twenty-First Century Fox‘s assets, if the U.S. government approves AT&T‘s acquisition of Time Warner, according to people familiar with the matter. The bid would top Disney’s offer of $52 billion. Comcast also plans to acquire 100 percent of U.K. satellite broadcaster Sky as part of an improved all-cash bid. If Disney gets into a bidding war…

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