According to The Hollywood Reporter, Rupert Murdoch is considering selling 21st Century Fox’s assets to Comcast if the price is right. The Walt Disney Company had originally bid $52 billion, but then Comcast planned to disrupt that deal with an all-cash offer.
Reportedly, Fox Owner Rupert Murdoch is not set on selling to the Mouse House:
“Rupert, like his shareholders in Fox, are now fully aligned and simply want the best possible outcome, meaning the most dollars, whether that’s cash or cash and stock. He wants to maximize value and is not simply focused on Disney. And so, I think this is a real opening for Comcast to come in with a very significant premium bid to where Disney is now.”
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Comcast’s motivation for purchasing Fox’s assets is to improve its international foundation:
“If Universal, on the other hand, combines with Fox, then you have a real competitor from a movie standpoint with Disney.”
Disney CEO Bob Iger remains confident that the acquisition deal with Fox will be completed.
