Comcast offers to buy Fox media assets for $65 bln in cash [Reuters]
Comcast Corporation - Class A (CMCSA)
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Source: Reuters
Comcast offers to buy Fox media assets for $65 bln in cash | Reuters Reuters Staff 1 Min Read June 13 (Reuters) - Comcast Corp on Wednesday offered $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 $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) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved.
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