24 May Comcast Goes Public on Plan for Fox Bid to Challenge Disney [WSJ]
By Shalini Ramachandran and Erich Schwartzel
May 23, 2018 | Comcast Corp. is escalating its threat to disrupt Walt Disney Co.’s megadeal to buy the bulk of 21st Century Fox Inc.’s assets, a potential move that could reshape the power structure in the entertainment industry.
The cable giant said on Wednesday it is in advanced stages of preparing a cash offer that would top Disney’s all-stock, $52.4 billion deal for Fox’s entertainment businesses.
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