Disney CEO Bob Iger Responds to Comcast's Potential Bid for Fox Assets

The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza formerly known as the GE building in midtown Manhattan in New York

Yesterday, it was reported that Comcast was eyeing a brand new cash bid in an attempt to acquire 21st Century Fox for $60 billion - topping The Walt Disney Company's announced $52.4 billion deal.

It is keen to show Sky's investors that it can get through the regulatory process quickly, unlike Fox, which has faced repeated delays since it first agreed a takeover of Sky in December 2016.

Comcast's all-cash offer of $60 billion doesn't necessarily mean that it has the edge over Disney's lower, stock-heavy bid.

Comcast, Fox and Disney all declined to comment to Reuters.

But now that Comcast is reportedly interested, this could change. Disney is going to be launching its own video streaming services in 2019. The all-stock Disney deal involves the sale of the Twentieth Century Fox TV and film studio, cable networks including FX and National Geographic, global businesses including Fox's 39% stake in European pay TV company Sky PLC, and a stake in the streaming business Hulu.

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Lachlan Murdoch now serves as executive co-chairman of 21st Century Fox.

The Burbank entertainment giant subsequently announced a reorganization that positioned two executives as possible successors to Iger: Kevin Mayer, the newly appointed head of the direct-to-consumer business, and Bob Chapek, head of parks and consumer products.

If the deal closes, Murdoch could be the odd man out, as reports suggest that his older brother Lachlan and his father Rupert are expected to remain with what's now being called New Fox, consisting of Fox News Channel, Fox Business Network and the Fox broadcast network.

According to CNBC, Comcast's bid would go forward if the United States Government approves AT&T's acquisition of Time Warner.

It is likely no coincidence then that Comcast's moves on Sky and Fox coincide with the recent settlement of litigation by Comcast over property purchased south of the existing Universal Orlando Resort, which will now expand the resort by more than 700 acres, and a Wall St.

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