Why Comcast Is Ready to Take On Huge Debt for Fox’s Assets
On June 13, Comcast (CMCSA) made a $65 billion acquisition offer for 21st Century Fox’s (FOXA) film, television, and international businesses. Comcast’s offer is much higher than Walt Disney’s (DIS) acquisition price of $52.4 billion for the same assets. After AT&T (T) received approval for its Time Warner (TWX) merger, Comcast has become hopeful of winning the Fox assets.