As reported by CNBC and The Wall Street, Comcast is interested in the segments of Rupert Murdoch’s media estate that includes renowned film studios such as 20th Century Fox and its major content productions like ‘Avatar’.
According to the sources, rather than the film studios of Fox, Comcast is interested in other assets of Fox international which includes Sky, a satellite broadcasting company worth $17 billion that works in the United Kingdoms and Europe, and Star, a media giant in India.
Moreover, many giant media companies, including Verizon are also interested in getting the deal.
If Comcast succeeds in the acquisition of 39% stake from Fox, it’ll get closer to its aim to buy Sky. However, few things are blocking the path of big media merger.
One of the major reasons why the merger is on hold is the AT&T-Time Warner deal, which was interrupted by Department of Justice (DoJ) of President Trump, as they are threatening the blocking of the merger specifying anti-competitive concerns.
Randall Stephenson, CEO, AT&T, said that he has no intention to sell CNN, and the company is ready to take the matter to courts if necessary.
In conclusion, If Comcast or some other company wants to acquire part(s) of Fox, they have to wait for it. The court fight for the AT&T-Time Warner merger will be a pacesetter for all the future mergers in the media industry.