Comcast offers USD65 billion for Fox
Comcast’s offer is the latest in a series of rival bids to acquire
the film, TV and international assets of Fox.
The offer adds a further twist to Fox’s own ongoing attempts to
acquire the interests in Sky News that it does not already own. That transaction is itself subject to Fox
satisfying the UK government that there are suitable commitments in place to
avert public interest concerns and safeguard the independence of Sky News.
Comcast’s own proposal is not straightforward in terms of
regulatory issues, although the focus of attention has been more on traditional
antitrust issues through the merger of content production and distribution.
The Comcast proposal is not unexpected and takes place against
increasing vertical integration across the media production and supply
chain. It seems that the recent failure
by the US administration to block AT&T from buying Time Warner might well
fuel appetite for similar combinations.
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