Twitter Crazy Over Comcast's Rumored Plans to Snatch Avatar's Home From Disney

Twitter Crazy Over Comcast's Rumored Plans to Snatch Avatar's Home From Disney

If the deal does proceed, however, and Comcast edges in to steal Disney's thunder, then it will simultaneously interrupt the company's efforts to "reunite the X-Men, Fantastic Four, and Deadpool" with the rest of the established Marvel Universe, much to fan disapproval.

Comcast is considering making a play to break.

U.S. cable operator Comcast Corp has approached investment banks to increase a bridge financing facility by $60 billion to table a rival cash bid for the media assets that Twenty-First Century Fox Inc plans to sell to Walt Disney Co for $52 billion.

The cable and broadband giant is in talks with banks to obtain some $60 billion in bridge financing needed to bid for Rupert Murdoch's Fox, said reports. By purchasing most of their film and TV outlets - including channels like Fox Sports and FX, and franchises like the X-Men and Avatar movies - Disney would become arguably the dominant force in American and global media.

KitGuru Says: While both buyouts are inherently monopolistic, Disney has the edge with its pre-established world that naturally connects to a variety of Fox's content.

Whether Disney or Comcast emerges victorious in the ongoing battle for 21st Century Fox, it has become clear that this is far from a done deal for the House of Mouse. The company is reportedly awaiting a ruling from a USA judge sometime next month regarding USA telecommunications provider AT&T's planned acquisition of media conglomerate Time Warner before it makes a cash offer for 21st Century Fox.

Back in November, Comcast made a $64b all-stock offer for the Fox assets up for sale, but were rejected according to Reuters due to "regulatory hurdles". In doing so, it topped an earlier offer for the entirety of Sky by Fox. He also believes that Murdoch covets the opportunity to become a major Disney shareholder.

For those unaware, Comcast was another corporate entity that proposed to acquire 21st Century Fox previous year. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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