Comcast willing to outbid Disney over Fox's entertainment properties with 'all-cash offer'

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Jun 18, 2018, 8:40 PM EDT (Updated)

Disney's plan to acquire all of 21st Century's entertainment properties is far from a done deal, as a new bidder has entered the arena. According to a report from Variety, Comcast (parent company of NBC Universal, which owns SYFY WIRE) confirmed it's willing to make an "all-cash offer" to Fox that would be able to rival the $52.4 billion the House of Mouse is offering.

Comcast's definite ability to outbid its competitor comes not long after reports from earlier this month, which surmized that it would try to upend Disney's M&A efforts. At the current time, Comcast didn't release a definite number, but said, “While no final decision has been made, at this point the work to finance the all-cash offer and make the key regulatory filings is well advanced.”

This isn't the first time that Comcast, which owns NBCUniversal (and by extension, SYFY), has made a bid for Fox. Based on the report, the company offered to buy Fox's assets last year with an offer that would have yielded more money than the ongoing Disney deal. Nevertheless, Fox rejected the offer and decided to go with Disney, a decision they saw as “a better strategic fit, with greater cost synergies and more opportunities for innovation, and the relative attractiveness of the resulting equity currency in a combined Disney-21CF."

Should Comcast be successful, the biggest repercussions for fans would be that Disney would lose out on regaining the rights to certain Marvel superheroes, particularly the X-Men, Deadpool, and the Fantastic Four; they'd no longer be able to be incorporated into the tapestry of the MCU. If Comcast's plan to derail the deal fails, however, 21st Century President Peter Rice expects the arrangement to wrap up neatly by the end of next summer