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Comcast Launches $65bn Takeover Bid For Twenty-First Century Fox

Comcast Launches $65bn Takeover Bid For Twenty-First Century Fox

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Comcast formally launched a $65bn takeover bid for some of the marquee assets of Twenty-First Century Fox overnight, gatecrashing a deal billionaire Rupert Murdoch had already agreed with Walt Disney and setting the stage for a bidding war. The long-awaited move by Comcast, which had said it was prepared to top a $52bn stock bid from Disney, comes a day after AT&T’s purchase of HBO and CNN owner Time Warner was approved by a US judge. Dealmakers seeking to stitch large media businesses together should be feeling buoyant, reporters say. (FT)

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