Sorry MCU, the Fox-Disney Deal Might Be In Trouble

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Comcast chairman and CEO Brian Roberts

Reports earlier in May indicated that Comcast was speaking with investment banks and preparing a bid to surpass Disney's $52 billion offer.

"Any offer for Fox would be all-cash and at a premium to the value of the current all-share offer from Disney", Comcast writes.

Disney agreed to buy most of 21st Century Fox's assets, excluding Fox News, Fox Business, and other properties, for $52 billion.

The assets Comcast would acquire do not include the Fox News Channel, Fox Business Network, Fox Broadcasting Company and certain other assets. It would give Disney access to more Marvel superheroes and the studios that produced the Avatar movies, "The Simpsons" and "Modern Family".

But Comcast points out that Disney-owned national ESPN sports networks would combine with regional Fox sports networks in a Disney/Fox deal, creating a sports-media juggernaut.

FBN's Charlie Gasparino discusses how Comcast is preparing an all-cash $60 billion bid for 21st Century Fox assets.

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CNBC notes that, while Comcast plans to outbid Disney, Fox's owners may ultimately side with the latter, due to an offer for a tax-free spin off of the company. Comcast shares were down 1.6 percent at $31.97 and Disney shares fell 1.7 percent to $102.26. Should AT&T get the green light without orders of a major, deal-breaking divestment, sources close to Comcast have reportedly said it will move once again on Fox. This doesn't mean that Comcast will automatically get Fox, but it does spell trouble for Disney.

By going public with its plans, Comcast is putting pressure on Fox and its shareholders to not rush into approving the Disney deal.

Comcast says the proposed offer is in "advanced stages". Today's Nerdist News is all about the potential threat to the Disney and Fox merger. The Department of Justice has sued to block AT&T's $85 billion deal for Time Warner.

Fox has said it remained committed to its offer for Sky and is "considering its options", which means it could potentially raise its bid.

Comcast won approval on Monday from the United Kingdom government to move ahead with the offer for Sky. "In addition, our directors, though, of course are aware of their fiduciary duties on behalf of all shareholders". "We have a terrific company with a strong portfolio of businesses and will continue to focus on driving growth, innovating, creating great content, and providing excellent experiences for our customers".

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