(credit: Comcast) Comcast has lined up $60 billion in financing in order to make a hostile bid for the 21st Century Fox media assets that Disney is attempting to buy, according to news reports.Comcast is waiting to find out whether ATT will be allowed to buy Time Warner Inc.
before moving forward with the bid for Fox assets, reports say.
"Comcast is getting the pieces in place to make a hostile bid for 21st Century Fox's entertainment assets should it choose to do so," a Wall Street Journal article said.The Walt Disney Company already struck a $52.4 billion all-stock deal to buy various 21st Century Fox properties.
That includes Fox's stake in Hulu, the popular video streaming service.
Comcast would try to buy the same assets that Disney is attempting to acquire.Disney, Fox, and Comcast each own 30 percent of Hulu; Time Warner owns the other 10 percent.The Disney/Fox purchase announcement in December noted that Disney would gain a "controlling interest" in Hulu by purchasing Fox assets.
Comcast would receive the same controlling interest in Hulu if it can pry the Fox assets away from Disney.Read 15 remaining paragraphs | Comments