COMCAST Considers Re-Bidding For 21st Century Fox Despite Disney Agreement - Report

Comcast Corporation
Credit: Comcast Corporation

Comcast Corporation is considering making another bid for the 21st Century Fox assets that were put on sale last year - despite a tentative deal Fox has with Walt Disney Company already, according to the Wall Street Journal.

According to the newpaper, Fox previously turned down a Comcast bid in the "low-$60 billions range," which would be above that of the publicly announced $52.4b deal from Disney. Fox reportedly declined Comcast's bid due to concerns that anti-trust laws would hamper the deal ultimately being approved by government regulators.

Disney's deal to acquire these Fox assets has not been finalized, as various countries' governments would each need to review and approve the deal. At the announcement of the deal, Disney CEO Bob Iger said he expected it to take 18 months.

The Rupert Murdoch family owns a 39% voting interest in 21st Century Fox as well as News Corp - the parent company of the Wall Street Journal.

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