The founders and executives of Comcast are very good friends with Barack Obama and large campaign contributors. And now the broadcast and cable magnates behind Comcast’s meteoric rise may want to acquire FOX.
That could spell big trouble for FOX News’ conservative content if the news arm is part of any deal with Comcast.
Comcast Corp. has approached 21st Century Fox FOX 2.33% to express interest in an acquisition, according to people familiar with the situation.It’s unclear whether the cable giant is exploring a purchase of all or part of Fox.
When Walt Disney Co. recently approached Fox, the two sides discussed a potential deal in which Fox would only sell its movie and TV studio, some U.S. cable networks and international distribution business, but not its news and sports networks or the Fox broadcast network. The Disney-Fox talks fell apart.
Any deal would be sizable. 21st Century Fox has a market capitalization of $53.68 billion. There’s no guarantee the talks will lead to a deal.