Looks like we are having ourselves a bidding war....
Sky agrees to share information relevant to Fox-Disney deal | Reuters
Sky agrees to share information relevant to Fox-Disney deal | Reuters
Comcast Bid 16% More Than Disney for 21st Century Fox, Filing Shows - The New York Times
After reading this, I feel the key reason that Comcast was rejected (thank God), was the fact that the 16% higher price would be a moot issue within a very short time: the Disney stock will surpass the value of the Comcast stock. So while Disney's bid might have been 16% lower than Comcast's at the time of the sale, the Disney stock would be guaranteed to jump past it. Probably on the day regulators approve the deal even.
Comcast Bid 16% More Than Disney for 21st Century Fox, Filing Shows - The New York Times
After reading this, I feel the key reason that Comcast was rejected (thank God), was the fact that the 16% higher price would be a moot issue within a very short time: the Disney stock will surpass the value of the Comcast stock. So while Disney's bid might have been 16% lower than Comcast's at the time of the sale, the Disney stock would be guaranteed to jump past it. Probably on the day regulators approve the deal even.
However Disney stock hasn't been trending upwards so and has lost money so....
SKYrocketing. Good one.Comcast stock is skyrocketing right now...
Looks like investors are finally on board with Sky.
Comcast owning Fox brings up so many interesting possibilities and also a lot of questions. I am guessing Disney would be very unhappy if Fox is owned by Comcast.The way I see it, Comcast/Universal needs Fox more than Disney does. Disney is already ahead of Universal's movie studio by a long shot. If the AT&T/Time Warner deal goes through, I'd expect Murdoch, Fox, and Sky shareholders to take the higher offer from Comcast because of the alleviated regulatory concerns. Disney would be stretched thin if they were to outbid Comcast's $60+ billion offer, so I doubt they'll take that risk.
The way I see it, Comcast/Universal needs Fox more than Disney does. Disney is already ahead of Universal's movie studio by a long shot. If the AT&T/Time Warner deal goes through, I'd expect Murdoch, Fox, and Sky shareholders to take the higher offer from Comcast because of the alleviated regulatory concerns. Disney would be stretched thin if they were to outbid Comcast's $60+ billion offer, so I doubt they'll take that risk.
Comcast owning Fox brings up so many interesting possibilities and also a lot of questions. I am guessing Disney would be very unhappy if Fox is owned by Comcast.
So wait I thought it was a done deal. So is universal in the mix for Fox now?
This isn't for Fox though. Its for Sky which is the second most valuable asset hints why Comcast is willing to pay $33 Billion for it.
Disney/Fox merger still has another 9-12 months of Justice Department review, so it's not a done deal by any means.
And the Sky uncertainty is another questionmark here. Fox shareholders may push for a higher price too if they see Sky getting a higher price from Comcast.