You were warned about this yesterday when the AT&T / Time Warner ruling was issued: sure enough, Comcast is going to put in a bid to acquire Fox.
What’s that? You thought Disney and Fox was a done deal? It hasn’t closed yet.
Here’s the deal: Variety has Comcast making a $65 billion all-cash offer. Disney’s offer is $52.4 billion in stock.
There are a lot of moving parts and nothing here is close to settled.
- Disney can increase their bid
- If Fox goes with Comcast for non-regulatory reasons, they’ll owe Disney $1.52B
- Comcast would still have to pass regulatory scrutiny, which may or may not be an issue at the moment
And I suppose part of it would involve whether Fox prefers cash or stock for their compensation.
Suffice it to say, things just got real interesting. The prospect of Marvel getting all it’s media rights back under one roof just got a little more murky. Not impossible, but murky. Disney could still win the bid.
Will this have any effect on Marvel’s publishing preferences? Far, far too early to tell. If anything happens, it probably won’t happen until Comcast and Fox come to a formal agreement.
Call it a developing situation…
Todd Allen wears a lot of hats. At various times he’s been (alphabetically), a bouncer, college professor, humor columnist, Internet producer and an NBA/WNBA Beat Writer, among other things. He’s the author of Economics of Digital Comics. You should probably read it.