Pixel Envy

Written by Nick Heer.

Comcast Preps All-Cash Offer for 21st Century Fox

Todd Spangler, Variety:

Confirming weeks of rumors, Comcast said Wednesday that it is in “advanced stages” of preparing an all-cash offer for entertainment assets of 21st Century Fox — in a move to outflank Disney’s $52.4 billion offer for Fox.

Comcast said that any offer for Fox would be at a “premium to the value of the current all-share offer from Disney,” but it didn’t reveal an anticipated price tag. The media conglomerate added that the structure and terms of its bid for the 21st Century Fox assets — including regulatory-risk provisions and the termination fee it would be required to pay — would be “at least as favorable to Fox shareholders as the Disney offer.”

Could you imagine if a single telecom owned two major motion picture studios in a post-net neutrality media landscape?