 |
|
|
 |
24 May 2018
Comcast potentially hijacking Disney's Fox deal with new bid
BY
Tom Anstey
|
Bob Iger (left) and Rupert Murdoch following the announcement of the original Fox deal
photo: Disney
Disney's acquisition of Fox is in jeopardy, after Comcast confirmed plans to top Disney's US$52.4bn (€44.27bn, £39bn) offer for the company. Announced in December last year, Disney and Fox reached a deal for Disney to acquire Twentieth Century Fox Film and Television studios, along with Fox's cable and international TV businesses.
The Fox acquisition would see Disney acquire a huge media library and the distribution rights to the first Star Wars film and the film rights to the Fantastic Four and X-Men franchises – two IPs not obtained through its previous multi-billion dollar acquisitions of Lucasfilm and Marvel.
Comcast has confirmed plans to prepare a higher, all-cash offer for the company, which it said would be "superior" and "at a premium" to Disney's all stock offer.
"While no final decision has been made, at this point the work to finance the all-cash offer and make the key regulatory filings is well advanced," said a Comcast statement.
In December, Disney made its stock offer of US$52.4bn (€44.27bn, £39bn), which was accepted by Fox. Since then Disney share value has fallen by 3.3 per cent – reducing the offer to just over US$50bn.
Either way, the move will have significant impact on the theme park industry, with Disney likely planning to bring its new Fox IPs to its parks. Comcast owns Universal, which would almost certainly want the Fox library to bring to its parks instead.
 |
|
|
|
|
|
|
|
|
|
Connect with
World Leisure |
|
|
|
|
|
|
|
|
|
|
|
|
|
| News headlines |
|
|
 |
 |
|
24 Apr 2024
The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in
.... more>> |
|
|
|
 |
|
24 Apr 2024
Short-term incentives to exercise, such as using daily reminders, rewards or games, can lead to sustained increases in activity, according to new
.... more>> |
|
|
|
 |
|
24 Apr 2024
Spa and wellness veteran Shannon Malave has been named spa director at iconic US spa destination Mohonk Mountain House. Based in New York’s verdant
.... more>> |
|
|
|
 |
|
23 Apr 2024
Six Senses Kyoto opens its doors today, marking the eco-luxury hotel and spa operator’s entry into Japan and a new addition to its urban collection.
.... more>> |
|
|
|
|
|
 |
|
| Company profile |
|
Perfect Gym Solutions S.A.
Perfect Gym is a global software provider specialising in fitness and recreation facility management solutions. Trusted by over 1,500+ sites across 55+ countries, our scalable platform caters to a diverse array of businesses.
View full profile>> |
|
| Catalogue gallery |
|
|
| Featured Supplier |
|
 |
|
|
|
in this issue
• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources
|
|
|
|
|
|
|
 |
| World Leisure jobs |
 |
Party Leader
Salary: Competitive
Location: Gainsborough
Company: Everyone Active
|
|
|
|
|
|
| Diary dates |
|
| Powered
by leisurediary.com |
 |
|
|
|
|
