The higher Comcast bid is certainly getting the blessing of owner Rupert Murdoch.
“We were disappointed when [Fox] decided to enter into a transaction with The Walt Disney
Company, even though we had offered a meaningfully higher price,” said Roberts in a letter to Fox’s board and members of the Murdoch family. “We are pleased to present a new, all-cash proposal that fully addresses the Board’s stated concerns with our prior proposal.”
Comcast’s bid is viewed as one of the many dominoes to fall following the AT&T-Time Warner merger that got the blessing of U.S. District Court Judge Richard Leon on Tuesday. With the landmark court decision, other media mergers are expected to take place involving CBS, Viacom Verizon, Charter, and Discovery.
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