In a new offer, Comcast has proposed to buy out Fox Studios in a $60 Billion dollar cash deal to trump Disney’s offer of $52.4 Billion in stocks.
When Disney first proposed to purchase Fox in December of 2017, many people believed it was a done deal, as 21st Century Fox was already around $14 billion dollars in debt. However, things could be turning the other way around, as Fox’s owners, the Murdoch family, may be more tempted by the cash deal rather than taking direct stocks.
The reason why this deal could be so monumental? Major production and media companies such as 21st Century Fox, Comcast, and Disney are feeling “threatened” by the emerging media platforms of Netflix, Hulu, and Amazon Prime Video, all of which are producing original content to extremely high appraise.
The merging of two major companies such as Comcast and Fox would allow for more innovative collaborations in order to regain control over the media production business.
Despite Comcast’s higher bid proposal, there are still perks to merging Disney with Fox, as Disney already owns Marvel Studios, while Fox has control over the X-Men franchise.
Now, moviegoers and shareholders alike will have to wait and see if the cash deal is the deciding factor in whether Fox becomes a part of Disney or Comcast, as the Murdoch family is already set on selling a large chunk of their company’s assets.
