It might be time for Comcast to throw in the towel.
By appealing the AT&T-Time Warner decision, the Justice Department complicated the company’s chance to buy most of 21st Century Fox (FOXA).
Comcast (CMCSA) has been in a bidding war with Disney (DIS) over Fox, which is selling its movie studio, international assets and cable channels like FX and National Geographic. Disney regained the upper hand when it increased its offer a few weeks ago to $71.3 billion, and analysts have been speculating about whether Comcast would try to top that bid.
The Justice Department drove a stake through the heart of Comcast’s bid for Fox
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Yes, thank god. Disney doesn’t even have to buy the full fox package, they only need to get the rights to the Marvel characters back. I’m so pumped for this
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me too, i dont want dumb x men movies from disney
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fuck the justice department
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