Fox rejected higher offer from Comcast before Disney buyout

On December 14, Disney announced the purchase of many of Fox’s assets for $52.4 billion, though a final approval by antitrust authorities is not expected before 2019. (AFP)
Updated 19 April 2018
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Fox rejected higher offer from Comcast before Disney buyout

SAN FRANCISCO: Media giant 21st Century Fox, which was sold to Disney in December, rejected a higher buyout offer from Comcast over fears of regulatory risks, a filing showed Wednesday.
The joint regulatory filing by Fox and Disney said a buyout by cable operator Comcast “carried a more significant risk of exposure to a range of negative outcomes for 21CF” while “a transaction with Disney would provide superior closing certainty as a result of the lower regulatory risk faced by Disney.”
The decision came in the wake of the US Department of Justice legal challenge to a mega-merger between Time Warner and AT&T.
Comcast also refused to provide compensation if the transaction was blocked by competition authorities, while Disney proposed $2.5 billion.
Comcast had offered $34.40 per share compared to Disney’s $29.
On December 14, Disney announced the purchase of many of Fox’s assets for $52.4 billion, though a final approval by antitrust authorities is not expected before 2019.
Comcast was reported in February to have relaunched its bid, according to reports, offering to assuage some of Fox’s concerns.
The media landscape is undergoing accelerated upheaval as traditional TV and film players seek to merge with cable operators to better combat tech giants, including Netflix and Amazon and their video streaming platforms.


Mystery of Saudi journalist Khashoggi's missing tweets

Updated 16 October 2018
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Mystery of Saudi journalist Khashoggi's missing tweets

RIYADH: Unusual activity has been observed on Saudi journalist Jamal Khashoggi’s Twitter account since his disappearance on Oct. 2 — with a total of 163 old tweets having been deleted.
This has raised questions about the identity of the person managing Khashoggi’s Twitter account — and whether it is his alleged fiancée Hatice (Khadija) Cengiz. It was reported that all of Khashoggi’s cellphones are in her possession; yet Khashoggi’s ex-wife, Alaa Nassif, has said neither she nor Khashoggi’s family had any knowledge of Khadija.
On the day of Khashoggi’s disappearance, he had not followed anyone new and the number of the accounts he followed was 778, according to the analytics tool SocialBlade.

After US commandos killed Osama Bin Laden in 2011, Khashoggie tweeted about how he had “collapsed crying.” He wrote on Twitter: “I collapsed crying a while ago, heartbroken for you Abu Abdullah (Bin Laden’s nickname). You were beautiful and brave in those beautiful days in Afghanistan, before you surrendered to hatred and passion.”
After US commandos killed Osama Bin Laden in 2011, Khashoggi tweeted about how he had “collapsed crying.” He wrote on Twitter: “I collapsed crying a while ago, heartbroken for you Abu Abdullah (Bin Laden’s nickname). You were beautiful and brave in those beautiful days in Afghanistan, before you surrendered to hatred and passion.”


That day, an additional 20 tweets were posted on Khashoggi’s account. Yet between Oct. 3 and Oct. 15, a total of 163 tweets were deleted — including 90 tweets on Oct. 4 alone. The number of accounts followed by Khashoggi also dropped by five during the same period — although it is not clear whether these accounts were deliberately unfollowed.

Rogue killers: Read US President Donald Trump’s latest comments on the disappearance of Saudi journalist Jamal Khashoggi

A Saudi Twitter user named Trad Al-Asmari has also monitored Khashoggi’s account and posted the findings online.
Questions have been raised over the kind of tweets being deleted from Khashoggi’s account, given the controversial nature of some of his posts, in which he had expressed views that could have been deemed sympathetic to Al-Qaeda and Daesh.

In another tweet, Khashoggi apparently aimed to justify Daesh’s tactic of beheading people.


Lebanese political activist Nidal Sabeh said in a tweet about the activity on Khashoggi’s account:
“The person managing the Twitter account of Jamal Khashoggi has removed me from his friends list. His account has been recently very active, deleting several tweets and unfollowing accounts Jamal used to follow. I have no idea what could be the purpose of this act, but it certainly is noticeable.”