By now everyone should have heard the news which is that Disney is interested in acquiring Fox and some of its assets. However just last month, Comcast decided that they wanted a slice of that pie and threw in a bid of their own, which for a moment made it seem like there was a possibility that Disney could lose on their bid.Disney has since raised their bid and it looks like Comcast has decided that maybe it’s too rich for their blood. So much so that Comcast has decided to officially withdraw from their bid on Fox, with the company’s CEO Brian Roberts congratulating Disney on their bid. In a statement made by Roberts, “Comcast does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and, instead, will focus on our recommended offer for Sky.”
He adds, “I’d like to congratulate Bob Iger and the team at Disney and commend the Murdoch family and Fox for creating such a desirable and respected company.” That being said, Comcast’s withdrawal doesn’t mean that this deal is a guarantee. Recently a Fox shareholder sued the company in a bid to halt the deal, not to mention there will also be regulatory hurdles to overcome.
No word on when we can expect this deal to be closed (or rejected), but many are anticipating it closing successfully as it would mean huge changes to Disney’s lineup of shows, not to mention a potential shakeup in the Marvel Cinematic Universe as some of Marvel’s assets will be coming home.
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