Bidding wars: Comcast offers $65 billion for 21st Century Fox, beats Disney's $52.4 billion offer
The ownership of 20th Century Fox film studio is crucial as it will bring the owner the rights to several Marvel properties
In December last year, Disney had announced their plans to take over 21st Century Fox's major TV and studio properties for a whopping $52.4 billion offer. As part of the bid, the Burbank-based studio intended on buying Fox's National Geographic, FX, Star TV, and some stakes in Sky, Endemol Shine Group, and Hulu, as well as a few regional sports networks. The network's film studio, 20th Century Fox and, along with that, the rights to several Marvel properties would also be taken over by Disney.
However, it was recently reported that Walt Disney Co's massive bid will be rivaled by Comcast which is also planning to make an offer and that too all in cash.
