December 12 2017

Comcast pulls out of bidding for 21st Century Fox

Comcast has apparently pulled up stakes and has left Disney alone to in the run to purchase 21st Century Fox.

According to sources speaking with The Wall Street Journal, Comcast has pulled out of the talks due to Disney returning to the table and regulatory concerns. The feeling is a Comcast/Fox deal would have been too similar to the AT&T/Warner Brothers deal the government just sued to stop.

No word yet on how a Disney/Fox deal would be viewed.

Every indication is that Fox really wants an exit, so everything seems to indicate the Disney deal will happen and it will be before the end of the year.

Will it be good or bad for the movie industry? Only time will tell, but it certainly looks like it’s going to happen at this point.

… and if they release the original theatrical cuts of the Star Wars films – the rights are tied up at Fox – the entire deal will be worth it to me.

Source: Wall Street Journal .

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