Comcast offers $65 billion for Fox, says government won’t stop merger

(credit: Comcast)

Comcast today made a $65 billion offer to buy major portions of 21st Century Fox, setting up a potential bidding war with Walt Disney Company.

Disney already struck a $52.4 billion all-stock deal to buy the Fox properties, but Comcast announced that it is making an all-cash offer to “provide [Fox] shareholders with certain value and immediate liquidity.”

The offer comes one day after a judge rejected the Trump administration’s attempt to block AT&T’s purchase of Time Warner Inc. The ruling suggests that Trump’s Department of Justice wouldn’t be able to stop a Comcast/Fox deal.

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