, Columnist
Comcast’s Roberts, CEO for Life, Doesn’t Have to Explain
He has his reasons for going after Fox, whether or not shareholders like it.
Your move, Mr. Roberts
Photographer: David Paul Morris/Bloomberg
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As we await Comcast Corp.’s impending counterbid for 21st Century Fox Inc.’s assets, some of us are still scratching our heads. Comcast had a good thing going—so why rattle shareholders, take on a bunch of debt and embark on a long and uncertain regulatory fight for a deal that, by Comcast’s own admission, it doesn’t need?
The answer may just be because Brian Roberts wants to. On Tuesday, a judge will rule on whether to allow AT&T Inc. to proceed with its takeover of Time Warner Inc., and that may give Roberts the green light to bid for Fox.