In a filing made by Walt Disney Co with the Securities and Exchange Commission today, in their efforts to acquire Fox’s film and TV assets, we now know Fox’s reasons for rejecting Comcast’s offer.
Walt Disney Co announced the purchased most of 21st Century Fox’s assets back in December in a deal worth $52.4 billion. At the time it was well-known that Comcast Corp had also been bidding on the assets, but they eventually bowed out.
In documents filed with the SEC today, Disney disclosed Fox’s reasons for rejecting the rival offer without disclosing the bidder.
The documents state that Fox rejected a deal with another entity — that multiple sources have identified as Comcast Corp — due to higher regulatory risks.