It's a dramatic attempt to thwart Disney, which reached a $52.4 billion deal in December for the same film and TV assets. The Comcast offer sets the stage for a high-stakes bidding war between two of the biggest players in media and telecom. Fox's Rupert Murdoch is keeping a few properties, including Fox News, the Fox Sports national cable channels and the Fox broadcasting network. "We have long admired what the Murdoch family has built at Twenty-First Century Fox," Comcast CEO Brian Roberts wrote Wednesday in a letter to Fox detailing the proposal. Should the board decide Comcast has the better deal, Disney would have five days to come up with a counter.

Source: CNN June 13, 2018 20:08 UTC