Comcast offers $65 bn for Fox assets, topping Disney offer

New York (AFP) – Comcast on Wednesday offered $65 billion for key film and television assets of Rupert Murdoch’s 21st Century Fox, topping an offer from Walt Disney Co. for a deal that could create a dominant media-entertainment power.

The move by Comcast, which is the largest US cable provider and also owns the NBCUniversal media group, is likely to escalate the bidding war for the prized assets being shed by the Murdoch family empire.

“Our proposal represents a premium of approximately 19 percent to the value of Disney’s offer as of noon today. We are highly confident in our ability to finance the transaction, and our offer includes no financing-related conditions,” Comcast said in a letter to Rupert Murdoch and his sons Lachlan and James.