Comcast announcing Fox bid on Wednesday if AT&T-Time Warner approved

Finance


Announcing an offer on Wednesday, rather than Tuesday afternoon, will allow Comcast’s lawyers to look through the details of Leon’s decision, the people said. Comcast advisors and executives believe Comcast’s rival bid for Fox will put pressure on Disney’s shares, as Disney may to have raise its outstanding $52 billion all-stock offer. Waiting until Wednesday, if Disney shares fall, could also accentuate the difference in value between Comcast’s bid and Disney’s offer, one of the people said.

Disney’s hasn’t said if it will improve its bid for Fox. A Comcast spokeswoman declined to comment.

Disclosure: Comcast, which owns NBCUniversal, parent company of CNBC and CNBC.com, is a co-owner of Hulu.



Source link

Products You May Like

Articles You May Like

Here are 3 top drug stock ideas from JP Morgan — including Merck
WMT, JD, JCP, BA, CSCO & more
5 things investors should do now before the next downturn
In big week for retail earnings, technician says only one is a standout
Macy’s earnings q2 2018

Leave a Reply

Your email address will not be published. Required fields are marked *