A judge’s approval of AT&T’s acquisition of Time Warner on Tuesday could set up a bidding war between Comcast and Disney for 21st Century Fox’s key assets, analysts and M&A experts said.
Last month, Comcast confirmed it is “in advanced stages” to prepare an “all-cash” offer superior to Disney’s $52.4 billion bid. It is widely expected that Comcast will formally submit its bid sometime within the next 24 to 48 hours. Comcast’s bid will likely be around 25-30 percent higher than Disney’s, according to multiple analysts, which would make it around $65 million.
With U.S. District Judge Richard Leon shooting down the Trump Justice Department’s antitrust arguments over AT&T’s $85.4