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The Disney And Fox Deal Is Looking More Likely
Disney and Comcast have been involved in a major business battle over the purchasing of 21st Century Fox and while the fight isn't over, Disney just received a major win that makes it look like it may eventually come out on top. The Justice Department has given its approval of the purchase, meaning the U.S. government won't fight the deal in court on antitrust grounds. While Comcast could still try to make a move to take the deal away from Disney, the fact is that a Disney/Fox is looking much more likely today.
The Fox board is set to meet in July to discuss the potential sale options and the fact that the Justice Department has already given approval to a purchase by Disney will likely go a long way in helping make a decision. If the government had waited to give its approval then the Fox board would have to pick one of two options that were both only potentials. Now, one of them is a sure thing. Even if Comcast makes the decision to up its bid for Fox and Comcast offer more than Disney once again, that deal would require its own government approval. Fox would have the choice between the guaranteed money from Disney or the potential of more money from Comcast, with the possibility that deal could be killed by the Justice Department.
Comcast likely believes that it would get government approval as well, eventually. The cable giant waited to make the offer for Fox in the first place until the merger between Time Warner and AT&T was given the go-ahead, believing that decision would be an indicator of how things would go for Comcast here. The Justice Department was actually against that merger, though a federal court eventually ruled in favor of it. Since a Comcast deal is expected to come with more regulatory oversight, Comcast would need to up its bid significantly in order to make the additional work be worthwhile.
There was one caveat to the Justice Department's approval of the Disney purchase. Disney has agreed to divest itself of Fox's chain of regional sports channels that are part of the package Disney is looking to buy. Since Disney already owns ESPN the Justice Department felt that owning these channels in major markets along with the primary sports cable channel in the U.S. would have given the company a de facto monopoly on television sports.
Disney's current offer for Fox is $71.3 billion, up from $52.4 billion in order to counter a $65 billion bid from Comcast. Now we'll have to wait and see if Comcast decides to up its bid. The Wall Street Journal is reporting that Comcast is looking for private equity investors to do just that, so this fight certainly isn't over yet. CinemaBlend will continue to follow this closely until a decision is finally made.
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Regardless of one's interests, one can find a book he or she finds engaging. Some authors really appeal to the gore lover, the thrill-seeker, and the horror junky, such as Cormac McCarthy, Bret Easton Ellis, and Stephen King. From these writers and more, here are the ten most disturbing books ever written.
#youtubeviralvideo Everyone's favorite law enforcement team is back by popular demand with the follow up to the cult comedy classic…SUPER TROOPERS. When a border dispute arises between the U.S. and Canada, Super Troopers- Mac, Thorny, Foster, Rabbit and Farva, are called in to set up a new Highway Patrol station in the disputed area.
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Jurassic World 3 Won't Include Any Hybrid Dinosaurs - It's Your Last Chance to See All Your Favorite Predators! Description Jurassic World: Fallen Kingdom is an upcoming adventure film by J. A. Bayona scheduled for June 22, 2018.
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Normally, Disney is careful to make sure that the films from its various divisions don't compete with each other too much, but Star Wars and Frozen II are going head-to-head in one very important way.
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We don't yet know what the film will be about, but according to Ruben Fleischer it has a great script. We have heard for a long time that Tallahassee might get a love interest, and according to one report Zombieland 2 will feature a world where the zombies have been almost wiped out, but the heroes find that there may be a pack of "super zombies" to contend with.
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According to an interview with Entertainment Weekly, Deadpool star Ryan Reynolds said that Wade Wilson was almost a father in the film's sequel. Here's his fatherly advice using GIFs.
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