According to CNBC, Comcast's $60 billion bid- topping Disney's bid of $52 billion- would go forward if the United States Government approves AT&T's acquisition of Time Warner.
Labour MP triggers by-election by quitting to become deputy mayor
This will prompt a summer byelection in her Lewisham East seat, which has a 21,000 majority. The move, revealed by the Guardian last month , was confirmed by City Hall on Tuesday.
Comcast, meanwhile, has seen its share price decline about 25% since it made its Sky bid in February, with investors frustrated that the cable company isn't using its free cash to institute stock buybacks.
For both Disney and Universal, the benefit of acquiring Fox's assets would be ownership of recognizable brands, film and television content for distribution across multiple platforms, and new avenues of distribution, such as Sky. Disney (dis) and Fox alluded to regulatory complexities associated with a potential Comcast buy-out in explaining why Disney's lower offer was accepted. It is also unclear how receptive Murdoch would be to an all-cash deal.
We contacted Comcast for comment and will update this story if we get a response. After its bids fell through, the company still sought to purchase European pay-TV group Sky, offering up $21 billion, which is said to be 16% higher than the bid received by Fox's Rupert Murdoch. In fact, the broadcasting conglomerate pushed a more generous deal than Disney. Fox owns most of the rest.
On parle d'un accord entre Cavani et l'Atlético — PSG
Une manne qui ferait du bien aux finances parisiennes, actuellement déficitaires suite aux recrutements de Neymar et Kylian Mbappé.
Disney in December had offered to buy film, television and global businesses from Fox for $52.4 billion in stock to beef up its offering against streaming rivals Netflix Inc and Amazon.com Inc.
If the deal does proceed, however, and Comcast edges in to steal Disney's thunder, then it will simultaneously interrupt the company's efforts to "reunite the X-Men, Fantastic Four, and Deadpool" with the rest of the established Marvel Universe, much to fan disapproval.
Boom! Lords land serious blow to government on single market
The Government has suffered an unexpected Brexit defeat in the Lords, rounding off a series of reverses in the upper chamber. After the Lords, the EU Withdrawal Bill will return to the House of Commons.