Comcast is reportedly unlikely to increase its $65 billion bid for 21st Century Fox.
CNBC reports Comcast won’t match Disney’s increased $71.3 billion offer for Fox’s assets. Disney had to increase its bid after Comcast made its all-cash offer for Fox last month.
Comcast is now reportedly focused on acquiring Britain’s Sky instead, of which Fox owns 39% percent. Currently, Comcast and Fox find themselves in a tight bidding war for Sky, with Fox offering $32.5 billion for the portion of the company it doesn’t own. Meanwhile, Comcast has recently bid $34 billion.
Source: IGN.com Comcast Will Reportedly Not Increase Its Fox Bid