Deals
Fox Says Regulatory Risk Could Delay, Derail Any Comcast Bid
- Disney’s offer has less antitrust risk, it says in SEC filing
- Murdochs conclude that DOJ still wary of vertical mergers
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21st Century Fox Inc. determined that a deal with Comcast Corp. has more antitrust risk than its pact with Walt Disney Co., even after the U.S. failed to block a takeover of Time Warner Inc.
Fox’s management and lawyers at Cleary Gottlieb Steen & Hamilton LLP -- while reviewing Disney’s revised offer earlier this month -- concluded that antitrust concerns could scuttle a transaction with Comcast, according to a regulatory filing Monday.