However, that deal may soon be off the table, as Comcast has started a bidding war not only for the acquisition of the Britain based satellite group Sky, but reportedly began discussions to find a way to beat Disney to the punch in acquiring Fox. In doing so, it topped an earlier offer for the entirety of Sky by Fox. He added that if Comcast acquires Fox, it might lead to Comcast spinning off its cable/internet and entertainment businesses into separate companies. While Disney and Fox's respective boards of directors approved the deal, it hasn't gone through yet. Disney (dis) and Fox alluded to regulatory complexities associated with a potential Comcast buy-out in explaining why Disney's lower offer was accepted.
Reuters reports that Comcast is speaking with investment bankers about obtaining bridge financing for an all-cash offer.
The sources asked not to be identified because the matter is confidential.
The Fox-Sky deal has been held up by concerns about the influence Murdoch could wield over public opinion through owning all of the broadcaster as well as British newspapers The Times and The Sun.
For those unaware, Comcast was another corporate entity that proposed to acquire 21st Century Fox a year ago.
Disney Chief Executive Bob Iger secured an all-stock deal with Fox Executive Chairman Rupert Murdoch in December. It is not clear how receptive he would be to an all-cash offer. Any such deal would also see Comcast acquire 100 per cent of Sky. Fox already owns 39 percent of Sky, which would transfer to Disney under the deal, and many analysts saw Comcast's bid as a means of undercutting Disney.
The buyout would include Fox channels including FX and Nat Geo, among others, but would not involve Fox News, Fox Business Network, Fox Sports 1 or 2, the Big Ten Network or the Fox broadcasting network and stations.
Three takeaways from Warriors' wire-to-wire Game 4 win over Pelicans
May 09, 2018 - 00:55
In the game prior, the Warriors came out flat and found themselves defeated by the Pelicans, preventing a sweep from occurring. Though Anthony Davis had 26 points, he only shot 8-of-22 from the field while the Pelicans shot 36.4 percent overall.
Tyler Winklevoss tells Bill Gates how to short Bit Coin
May 09, 2018 - 00:46
Berkshire vice chairman Charlie Munger said to Buffett during the meeting, "I like cryptocurrencies a lot less than you do". This is still good news for Bitcoin investors as this price is still an approximate 25% gain over the past month.
Fitbit activates female health tracking on the Versa and Ionic
May 08, 2018 - 02:19
There, you can see where you are in your cycle, when your next period is expected and check your estimated fertile windows. The female health tracking feature will initially be available on the iOS and Windows apps with Android getting it later.
Protester Interrupts AG Jeff Sessions' News Conference, Calls Him an 'Evil Man'
May 08, 2018 - 02:14
On April 18, Homeland Security Secretary Kirstjen Nielsen paid a visit to Calexico to see the replacement of a border barrier. Sessions' visit follows a March visit by President Donald Trump to Otay Mesa to survey border wall prototypes.
Road Signs Pointing To 'US Embassy' Go Up In Jerusalem
May 08, 2018 - 02:08
If Trump attended the ceremony, it might have amplified protests that are expected to break out around the opening. A restaurateur, she lives in the overwhelmingly Jewish neighborhood of Arnona.
Baker Mayfield Struggled Doing This During Browns' Minicamp
May 08, 2018 - 02:06
From the very beginning, obviously, my immediate family, then the friends and coaches and people who have helped shape me. I'm still going to compete and try and win that job. "Right now, we are trying to get back to that".
Kentucky Derby Jockey Praises Jesus After Big Win with 'Justify'
May 08, 2018 - 02:03
Quip, who qualified for the Kentucky Derby but whose trainer believed he needed more time, was also scheduled to run in two weeks. When the horses came to him, he wanted to take off again. "It was a pretty awesome performance".
Hawaii Kilauea volcano destroys two dozen homes
May 07, 2018 - 15:06
Clapper went back to the house, got his mother and the dogs, swept up some of his clothes in one arm, and took off for a shelter. Geologist Janet Babb said the magma crossed under Highway 130, which leads to a popular volcano access point, on Tuesday night.
Jose Mourinho approves Anthony Martial move to Juventus
May 07, 2018 - 15:05
And one player that has not impressed Mourinho is Martial, who has endured an inconsistent campaign. Mourinho is set to overhaul his side in a dramatic shape up of United's squad.
Suspect Who Shot Pakistan's Minister Had Links To Religious Party
May 07, 2018 - 15:03
Iqbal was shot soon after addressing voters in Kanjroor village in Narowal but the exact circumstances were not immediately clear. Considered the brains behind the party's development agenda, he previously headed up the planning ministry.
Stormy Daniels Makes Surprise Appearance on SNL - 'A Storm's a'Comin' Baby'
May 07, 2018 - 15:02
Giuliani also put the repayment at '$460,000 or $470,000', which is far more than the $130,000 the attorney said he wired Daniels. On ABC , Giuliani said he had "no knowledge" of any other payments to women, "but I would think if it was necessary, yes".
Instagram quietly launches payments feature
May 07, 2018 - 15:02
Furthermore, users will not only be able to make one-on-one calls and also engage in group conversations. At present, the "Resy" feature is only available for selected users in the United States and UK.
Bank Holiday Monday is set to be hottest in 20 years
May 07, 2018 - 15:01
The warmest weather is expected from Sunday as winds swing round to blow in from the continent rather than the Atlantic. Met Office forecasters say early fog patches will soon clear to leave another dry, warm and sunny day in the region.
Donald Trump would not have to comply with Mueller Subpoena: Rudolph Giuliani
May 07, 2018 - 01:02
Giuliani said last week that Trump had reimbursed Cohen for that payment and other unspecified items. He has called Daniels' allegations of an affair "false and extortionist".
Five killed by Gaza Strip blast: Palestinian Ministry of Health
May 06, 2018 - 00:15
Trump's moves angered Palestinian leaders, who have refused to talk to his administration, accusing it of pro-Israel bias. Israel has already been facing global disapproval over its use of live fire against the protestors.