Comcast bids $65B for Fox assets, setting the stage for a fight with Disney

Comcast made good on its plans to make an offer for 21st Century Fox’s film and TV assets today, with a cash bid of $65 billion, or $35 per share.

That’s 19 percent more than the $52.4 billion that Disney agreed to pay in December.

This follows yesterday’s U.S. court approval of the merger of AT&T and Time Warner, which was widely expected to lead Comcast to make a new bid for Fox and, in the long-term, set the stage for broader consolidation between ISPs and media companies. (This is where I remind you that TechCrunch is owned by Oath, a digital media subsidiary of Verizon.)

In a letter to Fox executives (namely Rupert, James and Lachlan Murdoch), Comcast CEO Brian Roberts wrote that after meetings last year, his team was convinced that Comcast would be…

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