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.


Asian Cup Media Committee hits out at BeIN Sports presenter over political comments

Updated 17 January 2019
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Asian Cup Media Committee hits out at BeIN Sports presenter over political comments

  • BeIN Sports presenter denounced for talking about politics during the Iran-Iraq clash.
  • Asian Cup Media Committee call on AFC to take appropriate action to separate politics from sports.

LONDON: The Asian Cup Media Committee has denounced the behavior of a beIN Sports presenter during Wednesday’s Group D clash between Iraq and Iran for bringing politics into sports while also commenting on Thursday’s Saudi Arabia-Qatar encounter.
Mentioning politics while broadcasting is against FIFA’s laws and regulations as well as the governing principles of the International Olympic Committee that prohibit misuse of sports for political purposes, the committee said.
The Committee disputed the presenter’s claims on the alleged absence of Qatari fans during the championship, citing the Qatari media delegation’s statements to AFP that the Qatari official delegation did not encounter any problems or obstacles during the championship.
In addition to that the committee also cited the Asian Football Confederation’s statements that showed up the Qatari channel presenter’s allegations of on the absence of Qatari fans as false.
The Committee affirmed that all efforts were being made during the championship to ensure the smooth attendance of fans supporting their national teams at the tournament taking place across the UAE.
The Committee called on the AFC to take appropriate action to separate politics from sports, affirming that it reserved the right to take all necessary legal action in collaboration with authorities concerned against the channel and its presenter.