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Wed Jun 13, 2018, 04:19 PM

Comcast makes $65 billion offer for 21st Century Fox, setting up bidding war with Walt Disney

Source: Washington Post

BREAKING NEWS

NEW YORK ó Comcast made a stunning $65 billion bid Wednesday in what is expected to be the first of many attempts to buy up pieces of the entertainment world in the wake of AT&Tís decisive legal victory over the government to buy Time Warner.

The offer sets up a battle of wills between two of the most dominant and deep-pocketed entertainment companies in the world ó Walt Disney and Comcast, the nationís leading cable company which already owns Universal Studios and NBC. Comcastís offer is about 19 percent higher than what Disney offered late last year.

But the headline-grabbing bid is unlikely to be the last to be announced in the coming months, given the governmentís failed attempt to stop AT&T from purchasing Time Warner. Media and entertainment stocks soared Wednesday on speculation of a wave of consolidation in the industry.

Comcastís is an all-cash deal at a significant premium over Disneyís $52.4 billion all-stock package. Its move will likely trigger a new offer from Disney and even a bidding war as two media giants battle for dominance both at home and overseas.

Read more: https://www.washingtonpost.com/news/business/wp/2018/06/13/comcast-prepares-to-bid-for-fox-setting-up-a-media-smackdown/?utm_term=.197184707de6



Soon we'll be left with - "The Pharmaceutical Company", "The Cable Company", "The Supermarket", "The Phone Company", ....

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Reply Comcast makes $65 billion offer for 21st Century Fox, setting up bidding war with Walt Disney (Original post)
BumRushDaShow Jun 2018 OP
jalan48 Jun 2018 #1
IronLionZion Jun 2018 #2
onenote Jun 2018 #6
cstanleytech Jun 2018 #7
onenote Jun 2018 #8
cstanleytech Jun 2018 #9
IronLionZion Jun 2018 #13
onenote Jun 2018 #14
SamKnause Jun 2018 #15
targetpractice Jun 2018 #3
exboyfil Jun 2018 #4
Aristus Jun 2018 #10
exboyfil Jun 2018 #5
bucolic_frolic Jun 2018 #11
DeminPennswoods Jun 2018 #12
YOHABLO Jun 2018 #16

Response to BumRushDaShow (Original post)

Wed Jun 13, 2018, 04:21 PM

1. Yep, and "The Government Company".

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Response to BumRushDaShow (Original post)

Wed Jun 13, 2018, 04:22 PM

2. Hoping Comcast goes bankrupt on this

and is broken up. They need more competition for cable service. America's most hated company.

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Response to IronLionZion (Reply #2)

Wed Jun 13, 2018, 04:34 PM

6. How would "breaking up" Comcast create more competition for cable service.

Pretty much everyone has at least 3 and often 4 or even 5 choices for subscribing to a video service provider. Plus increasingly, over the top services, such as YouTubeTV offer another way of accessing the same video channels provided by cable operators.

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Response to onenote (Reply #6)

Wed Jun 13, 2018, 04:39 PM

7. That's not the case for more rural towns.

Where I live we only have 2 options, one from uverse at 12mb and the other from WOW at 100mb and they became available only within the last year.

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Response to cstanleytech (Reply #7)

Wed Jun 13, 2018, 04:42 PM

8. Are you talking about Internet Access Service or Cable Service?

The post I was responding to specifically decried the lack of competition in "cable service" which is different than Internet Access Service.

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Response to onenote (Reply #8)

Wed Jun 13, 2018, 04:52 PM

9. Well for internet we only had uverse for 7+ years until WOW came in

but for TV our only options were DirectTV or Dish until WOW.

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Response to onenote (Reply #6)

Wed Jun 13, 2018, 05:48 PM

13. I have only 1 option for cable service, Comcast

and I live in a large city. For TV the only other options are over the air or satellite, no other cable providers. Comcast has a monopoly.

For broadband internet it's just Comcast or Verizon DSL, which is much slower. I want more options for cable service providers.

Youtube, Netflix, Amazon Prime, Hulu, etc. all require high speed internet service from someone like Comcast. When Comcast is the only choice, they jack up the prices and have terrible service with frequent disruptions. With the end of net neutrality, they can throttle those other competing video services and keep fast lanes reserved for Comcast's own streaming video service.

It's very bad for the consumer because we get worse service at a higher price.

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Response to IronLionZion (Reply #13)

Wed Jun 13, 2018, 06:18 PM

14. For video, DBS is a substitute for cable.

As is reflected by the millions of consumers who have dropped "cable" and become satellite subscribers.

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Response to onenote (Reply #6)

Wed Jun 13, 2018, 06:20 PM

15. I live in rural America.

There is no cable available where I live. (16 years)

There was no cable available at my past residence. (5 years)

I have one choice, satellite; Directv or Dish.

I get my internet through my phone line, DSL.

It is extremely slow !!!

I can't stream anything in high definition.

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Response to BumRushDaShow (Original post)

Wed Jun 13, 2018, 04:30 PM

3. "Let the great no net neutrality experiment begin!"

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Response to BumRushDaShow (Original post)

Wed Jun 13, 2018, 04:31 PM

4. The world of Rollerball

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Response to exboyfil (Reply #4)

Wed Jun 13, 2018, 04:59 PM

10. A highly underrated film.

I actually liked the corporate anthems, from a musical perspective. The Houston anthem sounded like a Bach organ cantata, while the Tokyo anthem had the serene beauty of Japanese folk music.

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Response to BumRushDaShow (Original post)

Wed Jun 13, 2018, 04:33 PM

5. By far the most important development

is the fact that Marvel will not regain control of the Fantastic Four movie rights if Comcast wins.

I wonder if the Donald is a fan of super hero movies? Surely that could be the basis to allow the Disney purchase to go through.

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Response to BumRushDaShow (Original post)

Wed Jun 13, 2018, 05:04 PM

11. Do these media companies understand

that I turned them off when I ditched cable 6.5 years ago and never looked back? I give no money to them. Only Verizon for internet. I don't knowlingly buy from any of their advertisers. My time is my own. I am stronger and better off for it.

Never again.

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Response to BumRushDaShow (Original post)

Wed Jun 13, 2018, 05:42 PM

12. That's funny about Comcast's "deep pockets"

It's more like Comcast's hands deep in the pockets of its subscribers.

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Response to BumRushDaShow (Original post)

Wed Jun 13, 2018, 08:29 PM

16. They have everyone addicted to their TV. If people were serious, they'd give these co.s the finger.

Hit the Library folks. That ain't gonna happen is it.

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