Subject to the approval of AT&T’s acquisition of Time Warner, Comcast is apparently prepared to pay $60 billion in cash to acquire most of 21st Century Fox’s assets, including a 100% share of Sky, according to Reuters. A $31 million bid from Comcast threw negotiations between Fox and Sky into chaos earlier this year. (Comcast Enters Into Sky Bidding War With 21st Century Fox)
Disney previously put in an offer of $52 billion. Reuters has surmised that if the two companies get into a bidding war, Comcast’s offer could be pushed towards the $100 billion mark. It’s believed that, if the US administration rejects AT&T’s buyout of Time Warner, Comcast will withdraw its offer.
