Comcast jumps after crashing Disney's attempt to buy 21st Century Fox assets

Posted On: Jun 14, 2018   |   Posted By: Business Insider

Comcast jumps after crashing Disney's attempt to buy 21st Century Fox assets

Comcast is surging after it proposed an all-cash deal to buy 21st Century Fox assets.
The offer's price tag tops the recent deal proposed by Disney.
Jefferies analyst John Janedis says the deal is financially accretive and that Fox won't be able to resist.
Watch Comcast trade in real time here.
Comcast shares are up 3% Thursday after the company proposed an all-cash offer for 21st Century Fox assets.
Comcast offered 21st Century Fox $65 billion in cash for its production assets and movie franchises , topping Disney's $52 billion stock offer for those same assets. The television giant made the proposal a day after the Department of Justice approved the pending AT&T and Time Warner merger , which sets a regulatory tone that seems to be merger friendly for the industry.
Jefferies analyst John Janedis thinks Fox won't be able to resist the offer. "Comcast addressed key regulatory concerns which led Fox to initially choose Disney, making it difficult...

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