The deal surrounding Disney’s acquisition of Fox’s assets seems to be winding battle. Cable giant Comcast’s bid for their assets complicated things for Disney. Comcast has been unrelenting even after Disney’s $52.4 billion deal was accepted as opposed to Comcast’s $60 billion deal. They presented a much higher all cash-bid to acquire the assets and are now reaching out directly to to the company’s shareholders.
Its a wonder why Fox would choose Disney’s deal over Comcast’s hefty sum. Fox saw Disney as a safer bet especially in light of the Trump Administration’s Justice Department antitrust suit that intended to block the AT&T-Time Warner merge. Disney also offered a break up fee in the event of it failing to win regulatory approval unlike Comcast’s deal which did not.
Comcast has been continually striving on this matter as reports from Deadline suggests that the company provided a 43 page document file urging Fox to reject Disney’s offer and consider their deal. Comcast’s offer now stands at a whopping $65 billion. Some things need to be settled before the Disney-Fox deal can become a reality including a vote by Fox shareholders set to take place on July 10 which seems a little unlikely following Comcast’s offer that could suspend the scheduled date.
In case some are unaware, Fox owns much of the characters from the X-Men and Fantastic Four and Disney has the Marvel Cinematic Universe. There’s a reason why we didn’t see The Avengers and the X-Men team up and that’s due to this. However, with Disney’s offer to acquire their assets, those prospects were becoming closer…. and then Comcast came into the mix.
It may seem like Comcast is the “bad guy” for blocking off the possibility of the MCU characters and Fox’s X-Men and Fantastic Four from meeting but just remember these are giant companies that seek to make profit at the end of the day. Sure, Disney may seem like they have the fans’ interest in mind but to be honest, I think they care more about your wallets than anything else and that’s no different from Comcast. Comcast has been pushing really hard, maybe they have some impressive plans…… or not.
Source: Deadline
