U.S. cable operator Comcast Corp is asking investment banks to increase a bridge financing facility by as much as $60 billion so it can make an all-cash offer for the media assets that Twenty-First Century Fox Inc has agreed to sell to Walt Disney Co for $52 billion, three people familiar with the matter said on Monday.
In the months since the Disney/Fox announcement, I've heard a lot of people discuss the acquisition as though the ink is dry. I've cautioned against this, as we've known the deal could fall apart for legal reasons. Even with that, a surprise bid from comcast isn't necessarily a wrinkle I would've put money on. Keep in mind, this may not happen either as it all depends on investors to pony up the cash.
I might be a Marvel fanboy, but this whole deal has made my spidey sense tingle. Sure we could be getting a Marvel Cinematic Universe movie with the X-Men, but at what cost? Disney is already the largest and most powerful entertainment company on earth, and I don’t think they need to get any bigger. It's not that I don't think Disney could figure out how to market Moana right alongside Deadpool, instead I find it concerning from a competitive point of view. As a fan of the company’s work, I think it's important that Disney has strong competitors to keep them on their toes.
I’m not entirely sure whether or not Comcast should buy Fox either, but I am confident that Disney shouldn’t.