It seems Comcast will resort to everything possible to get its hands on 21st Century Fox’s TV and film licenses. The company has officially made a $65 billion all-cash offer to buy Fox’s key assets as against Walt Disney Company’s current offer of $52.4 billion, entirely in stock.
Aside from offering a lucrative big bid, the U.S. cable giant has also taken to 21st Century Fox shareholders, pleading them to reject the Disney merger agreement in its favor. Comcast has reportedly issued a 43-page message to Fox shareholders to lure them to consider the all-cash offer for $35 per share, which approximately amounts to $65 billion. Fox’s board of directors will have a vote on the Disney deal on July 10, 2018.
“We believe that a vote against the Disney merger agreement proposal will send a clear message to the 21CF board that you firmly believe the Comcast proposal is a superior proposal, that you do not want the proposed Disney transactions to be completed, and that the 21CF board should instead engage in good faith with Comcast to negotiate and execute definitive agreements with respect to the Comcast proposal,” Comcast noted in its filing, according to Deadline.
While the proposed Disney-Fox deal announcement was made late last year, the two companies have not come to an official agreement as of yet and now after especially Comcast’s offer, there are high chances that the deal might get delayed even further.
In response to Comcast’s biggie offer, Fox has also issued a statement claiming they are yet to decide if they will go ahead with the July 10 shareholder meeting to vote on the Disney deal or postpone it.
Disney is yet to respond on the entire matter.
Since the time the proposed Disney-Fox deal was announced last year, Marvel fans had begun imagining seeing the X-Men franchise join up with the Avengers. But, if Comcast is successful in convincing Fox to go ahead with its lucrative offer then fans’ dream of watching X-men or the Fantastic Four sharing screen with the Avengers will remain a dream only.
What do you think will happen to the Disney-Fox deal? Let us know in comments below.
Comcast, leave 21st Century Fox alone. Sincerely, everyone.
I need X-Men and the Fantastic Four in the MCU. You're not supposed to crush that dream. pic.twitter.com/b6H3HgLChN
— Wililiam (@Wililililiam) June 13, 2018
In the Comcast/Disney battle for 20th Century Fox, I am rooting for whichever company is gonna let Ridley Scott finish off that new ALIEN trilogy.
— Scott Wampler™ (@ScottWamplerBMD) June 13, 2018
Marvel fans hearing about Comcast’s 65 Billion Dollar bid for 21st Century Fox pic.twitter.com/9ZkV5HjcgQ
— Ziggy (@mrjafri) June 13, 2018
Most of the Marvel fans don't realise how much of a threat that Comcast is for the future of the MCU. If Disney loses this chance, we won't see the X-Men and Fantastic Four in the MCU. Marvel Studios won't get the rights of their superheroes back. If they lose. We lose. pic.twitter.com/G1Ij74yYmW
— Markus Zolan (@MarkusZolan) June 13, 2018
The obvious solution is for Disney and Comcast to merge and then jointly acquire Fox.
— Matthew Yglesias (@mattyglesias) June 13, 2018
Comcast right about now. pic.twitter.com/v2XG0UDJxB
— Stemot (@Stemot1978) June 12, 2018
Comcast is now offering $65 billion to acquire Fox's film & TV assets. That's 19% more than Disney's $52.4 billion offer.
Comcast (NBC) owning Fox isn't going to be as fun for the Marvel fans…
— Nickandmore! (@nickandmore) June 14, 2018
If Comcast gets 21st Century Fox over Disney, I’m gonna be PISSED. I NEED the X-Men in the MCU
— BAEtranada (@_skeetvalentine) June 14, 2018
Source: Deadline
