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Comcast makes $65 billion offer for 21st Century Fox, setting up bidding war with Walt Disney

JANFU

JANFU

Land by the Gulf Stream
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https://www.washingtonpost.com/news...p-top-table-main_comcast-420pm:homepage/story

NEW YORK — Comcast made a stunning $65 billion bid Wednesday for 21st Century Fox in what is expected to be the first of many attempts to buy up pieces of the entertainment world in the wake of AT&T’s decisive legal victory over the government to buy Time Warner.

Comcast’s offer sets up a battle of wills between two of the most dominant and deep-pocketed entertainment companies in the world — Walt Disney and Comcast, the nation’s leading cable company which already owns Universal Studios and NBC. Comcast’s offer is about 19 percent higher than what Disney offered late last year.
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More media concentration. Not good for a democracy.
Talk has has been that Microsoft/Google/ Face Book should be broken up such as Ma Bell was.
Eventually that will happen, may be 10 years or longer but it is coming.
 
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