After AT&T's $85 billion takeover of Time Warner comes the deluge; Comcast makes $65 billion lunge for Fox
Comcast bid $65 billion for Fox's entertainment business on Wednesday, a day after a federal judge has cleared AT&T's $85 billion takeover of Time Warner. If Comcast succeeds in outbidding Disney for Fox, it would give a major cable distributor control even more channels on its lineup and those of its rivals. There are fears that it could lead to higher cable bills or hinder online alternatives.
Britain's culture secretary threw Rupert Murdoch's 21st Century Fox a lifeline Tuesday in its 11.7 billion-pound ($16.4 billion) bid to buy the 61 percent of the U.K. satellite broadcaster Sky it doesn't already own.