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Marvel Fans Aren’t Happy With Comcast’s Move Against Disney-Fox Deal

Poster of X-Men Days Of Future Past/ 20th Century Fox

Marvel Fans Aren’t Happy With Comcast’s Move Against Disney-Fox Deal

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.

Source: Deadline




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