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Comcast Won't Make Another Bid Against Disney For Fox
Fox is looking to sell off all of its movie assets. This is going to happen. The only question has been which major media company would pick up the business. Disney has been involved in a bidding war with Comcast over 21st Century Fox, but it appears that war is now over as Comcast has officially announced it will not make another competing bid for Fox, and will instead focus on winning the war for Sky in Europe against Fox.
The decision by Comcast not to raise its existing bid for Fox all but guarantees that the deal with Disney will now proceed. Government regulators have already given their approval to the deal, which was the only potential stumbling block in the $71.3 billion deal. Disney had raised its bid for Fox once in response to Comcast's initial offer and everybody was waiting to see if Comcast would respond in kind. Previous reports were that Comcast was looking for the money necessary to increase its bid. Whether Comcast was unable to find the financial backing or simply decided its efforts could be better spent elsewhere is unclear.
The story of Disney, Fox, and Comcast isn't over yet, however. Fox and Comcast are currently engaged in a bidding war of its own over Sky, the European satellite provider. Fox already owns 39% of Sky but has been trying to buy the remaining portion of the company. If Fox is successful, then Disney will end up owning all of Sky. If Comcast is able to prevail, then Disney and Comcast, who were just fighting over Fox, will end up sharing ownership of Sky. If Fox wins, it will likely mean Disney will have to increase what it's paying for Fox anyway as the total value of the company will have increased. Comcast has apparently decided the fight over Sky is more important than the fight over Fox, so the cable giant, that also owns NBC and Universal, will be looking to spend its money there.
The other reason that Comcast may have decided to back down, according to Variety, is that the U.S. government has appealed a judge's ruling that allows the proposed AT&T/Time Warner merger to go forward. Comcast waited on a decision in that case before making its initial offer for Fox, believing that the decision there would give an indication whether a Comcast/Fox deal would be approved by regulators. The fact that this decision is being fought over might indicate to Comcast that a deal with Fox could lead to a similar fight, which would be expensive, even if it was ultimately successful.
The Fox board of directors is expected to meet later this month to discuss the proposed sale options. While there is currently a lawsuit pending brought by Fox shareholders, with only one competitive offer, it seems likely this deal will ultimately be done.
Earlier this year, a fan reached out to James Gunn to request that Mark Hamill receive a role in Guardians of the Galaxy Vol. 3. Instead of just ignoring a tweet that he probably gets all the time, Gunn actually responded and revealed that he and Hamill live next door to each other and could talk it out over a cup of coffee.
Mark Hamill Doesn't Want to Be in Guardians of the Galaxy 3
Each month, Netflix adds new movies and TV shows to its library. Here is the best of what's new on Netflix in June 2019, including Black Mirror season 5, A.I., Dark season 2, Jessica Jones
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A dedicated Marvel fan compiled four minutes' worth of footage depicting loose-lipped Spider-Man and Avengers star Tom Holland dropping spoilers.Holland once told Entertainment Tonight he was
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The revelation of this new War Machine armor is only the latest in a series of toy reveals that have informed the plot of Avengers: Endgame, from Quantum suits to Thanos' new armor. However, it's important to remember that all of these toys could be just that, toys, and nothing more.
'Avengers: Endgame': New Look At Don Cheadle's War Machine Armor
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Guardians of the Galaxy star Zoe Saldana has claimed that she doesn't know Gamora's destiny in the upcoming Avengers: Endgame.
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The Fate Of The Furious' F. Gary Gray Is Tackling A Wild
Both Sebastian Stan (Winter Soldier) and Anthony Mackie (Falcon) have indicated they'd be delighted to appear in the movie. That's particularly important for Stan, given the Winter Soldier and Black Widow have an on-again-off-again romance in the comics. Read More: Anthony Mackie Wants Falcon to Appear in Black Widow Movie
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Paramount Pictures is moving forward with a sequel to the runaway hit horror film A Quiet Place, which has been a huge success
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Two new Mission: Impossible films are in the works! Tom Cruise - who has played Ethan Hunt in all six movies in the franchise so far - confirmed the news on social media on Monday (January 14).
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There are also rumours of twin boys cast for Infinity War or Avengers 4, which promises horrible relationship drama to come: in the comics, Scarlet Witch created a pair of magical babies out of
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A Quiet Place 2 May Be Adding An Into The Spider-Verse Star
celebrityplanets.com/2019/06/06/a-quiet-place-2-may-be-adding-an-into-the-spider-verse-star/
By the end of writer/director John Krasinski's A Quiet Place, the surviving members of the Abbott family looked to have quite the fight on their hands.And considering A Quiet Place 2 is in the works for its debut next spring, that fight sounds like it's going to be more than just a simple dust up.
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