Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Is It All Over? Comcast Drops Their Bid for 21st Century Fox

One News Page Staff Friday, 20 July 2018
Is It All Over? Comcast Drops Their Bid for 21st Century Foxby 👨‍💻 Graham Pierrepoint

It’s a business war that’s been raging for months now, and while it seemed like it could have gone either way at any point, it now appears that one side has backed out of the conflict to focus on specific interests. Comcast, owners of NBCUniversal, have announced that they will be withdrawing their bid for 21st Century Fox’s entertainment wing, choosing instead to focus on their attempt to acquire UK brand Sky Plc, who provides TV news and entertainment to viewers in Britain. The other party in the bidding war that’s been raging for some time was, of course, Disney – and this news could mean that hundreds of Fox properties could become the property of the House of Mouse in just a matter of weeks.

Comcast had previously entered their latest bid into the ring for Fox’s entertainment assets earlier this June, with a $65 billion offer having been left on the table to usurp Disney’s previous bid. It seemed that Disney were on the ropes at this point – at what many assumed to be a done deal – but they counter-attacked with a $71.3 billion bid, effectively blowing Comcast’s last offer out of the water by an extra $7 billion plus. These are incredible amounts of money if you think about them too much!

Comcast Concedes In Bidding War With Disney For Fox Entertainment Assets
Comcast Concedes In Bidding War With Disney For Fox Entertainment Assets

Many were expecting Comcast to potentially step up to the plate and to outbid Disney yet again – but it appears their greater concern, Sky, has overtaken their modus operandi. “Comcast does not intend to pursue further the acquisition of the 21st Century Fox assets and, instead, will focus on our recommended offer for Sky,” an official announcement reads. It’s the end of what appears to have been one of the most fiercely-fought battles for intellectual property in the modern age – and with Disney poised to all but take over the Fox brand, it means a world of possibilities for IPs currently held under the Fox umbrella.

It may mean, now, that Marvel comics characters such as the X-Men, the Fantastic Four and Deadpool could be set to transfer over to the cinematic goliath that is the Marvel Cinematic Universe – it will also mean that huge TV properties such as The Simpsons and Family Guy are swept up, too – what will Disney do with its new empire? Very exciting indeed – more when we have it.

Credit: Cheddar Inc. - Published < > Embed
News video: Comcast Drops Bid for 21st Century Fox Assets

▶ Comcast Drops Bid for 21st Century Fox Assets 01:06

Comcast announced Thursday it will not pursue a deal to buy most of 21st Century Fox and will instead focus on British broadcaster Sky.

You Might Like

Recent related videos from verified sources

NBC26 Storm Shield weather forecast [Video]NBC26 Storm Shield weather forecast 02:21

Our very active weather continues. A strong area of low pressure will impact the area today. The main brunt of this storm will be later this morning into the afternoon where Green Bay and the Fox..

Credit: NBC 26 Wisconsin - Published

Fox Renews ‘The Simpsons’ For 31st and 32nd Seasons [Video]Fox Renews ‘The Simpsons’ For 31st and 32nd Seasons 00:45

According to a report by Broadcasting and Cable, Fox made some big announcements on Wednesday, including the renewal of iconic comedy The Simpsons for a 31st and 32nd season. Fox also reportedly..

Credit: Wochit - Published

‘Bohemian Rhapsody’ Sends Fox Q2 Earnings Beyond Expectations [Video]‘Bohemian Rhapsody’ Sends Fox Q2 Earnings Beyond Expectations 00:33

On Wednesday, 21st Century Fox reported earnings early for the 2019 second quarter. Thanks to 'Bohemian Rhapsody' the numbers outperformed Wall Street expectations. The Wrap reports that Fox reported..

Credit: Wochit - Published

Disney To Keep Deadpool R-Rated [Video]Disney To Keep Deadpool R-Rated 00:32

When the Walt Disney Company moved to acquire 20th Century Fox, many worried about more adult characters like Deadpool. However, on a recent earnings call, the CEO of Disney Bob Iger assured investors..

Credit: Wochit Entertainment - Published

Disney CEO Says Deadpool Franchise Won't Change Despite Fox Purchase [Video]Disney CEO Says Deadpool Franchise Won't Change Despite Fox Purchase 00:37

For Marvel fans worried that the Deadpool and X-Force films will be toned down or changed once Disney's purchase of Fox is completed, that might not actually be the case. On Tuesday, Disney held its..

Credit: Wochit Entertainment - Published

Tucker Carlson And Laura Ingraham Allegedly Costing FOX Millions Ad Revenue [Video]Tucker Carlson And Laura Ingraham Allegedly Costing FOX Millions Ad Revenue 00:51

Laura Ingraham’s remarks about Parkland shooting survivor David Hogg and Tucker Carlson’s comments on immigration have come at a heavy cost for their Fox News shows, which have lost millions in ad..

Credit: Wochit Entertainment - Published

'American Horror Story' To Continue On Despite Disney Deal [Video]'American Horror Story' To Continue On Despite Disney Deal 00:43

In the wake of the deal made by 21st Century Fox for many of its subsidiaries to be acquired by Disney, FX Networks CEO John Landgraf says fans don't need to worry about 'American Horror Story' going..

Credit: Wochit Entertainment - Published

Fox 4 News Latest Headlines | February 4, 12pm [Video]Fox 4 News Latest Headlines | February 4, 12pm 04:48

Watch the latest Fox 4 News headlines any time.

Credit: FOX 4 Now Florida - Published

FOX Finders Wanted Fugitives - 2-1-19 [Video]FOX Finders Wanted Fugitives - 2-1-19 00:58

Every Friday FOX 47 News brings you some of Mid-Michigan's most wanted fugitives. Can you help find them?

Credit: FOX 47 News Michigan - Published

S&P 500 Analyst Moves: FOX [Video]S&P 500 Analyst Moves: FOX 01:24

The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Twenty-First Century Fox (FOX) is now the #1 analyst pick, moving up by 1..

Credit: Market News Video - Published

Tweets about this

Other recent news in Business

Medlab Clinical accelerating VMS business in AUSTRALIA, and NanaBis globallyHigh Peak Royalties cashing in on US acquisition, with AUSTRALIAN assets developing
FRANCE RECALLS AMBASSADOR to Italy as rift deepensJudge rejects NSW coal mine citing CLIMATE change
•More original news reports from One News Page
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest