view21st Century Fox

Fox stock seen higher on rumours Comcast may return with new approach

Disney's takeover has yet to be completed, whereas the WSJ suggested Comcast may return with a new approach

21st Century Fox logo
Comcast had pitched its previous approach at a premium to Disney

Twenty-First Century Fox Inc (NASDAQ:FOX) stock was moving higher in Monday’s premarket dealing as reports emerged suggesting that Comcast Corporation (NASDAQ:CMCSA) is considering a fresh takeover approach.

Comcast had been rejected in a previous tilt, even though the approach was pitched considerably higher than the rival The Walt Disney Co (NYSE:DIS) bid.

READ: Walt Disney confirms deal to buy most of 21st Century Fox's assets

The cable and communications group’s offer was at around the low US$60mln range, according to a Wall Street Journal report, whereas Disney’s bid was at US$52.4bn, but, was declined due to the potential for anti-trust complications.

The WSJ claimed that whilst the takeover by Disney is still to close, Comcast has not decided whether or not it will make a new approach.

Quick facts: 21st Century Fox

Price: 35.7 USD

Market: NASDAQ
Market Cap: $22.16 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



CardieX advances smart-wearable watch after recent agreement with Mobvoi...

Cardiex Ltd (ASX:CDX) chief executive officer and executive director Craig Cooper updates Proactive on latest developments with the company’s smart-wearable watch solution device following a recently announced development agreement with Mobvoi Information Technology. The CEO also provides an...

2 hours, 50 minutes ago

2 min read