Comcast announcing Fox bid on Wednesday if AT&T-Time Warner approved

Finance


Announcing an offer on Wednesday, rather than Tuesday afternoon, will allow Comcast’s lawyers to look through the details of Leon’s decision, the people said. Comcast advisors and executives believe Comcast’s rival bid for Fox will put pressure on Disney’s shares, as Disney may to have raise its outstanding $52 billion all-stock offer. Waiting until Wednesday, if Disney shares fall, could also accentuate the difference in value between Comcast’s bid and Disney’s offer, one of the people said.

Disney’s hasn’t said if it will improve its bid for Fox. A Comcast spokeswoman declined to comment.

Disclosure: Comcast, which owns NBCUniversal, parent company of CNBC and CNBC.com, is a co-owner of Hulu.



Source link

Products You May Like

Articles You May Like

The US should break German lock on the European economy
An online retailer has surged over 200% in one year, and it’s not Amazon
Older Americans planning to downsize should brace for sticker shock
Investors wipe $3 billion off China’s ZTE market value after US settlement
President Trump directs creation of ‘Space Force’ as sixth military branch

Leave a Reply

Your email address will not be published. Required fields are marked *