Why are you stupid motherfuckers posting gigantic spoilers in this thread? If I hadn't already seen the film, I'd be livid.
Reuters:Comcast prepares all-cash bid to gate-crash Disney-Fox deal - sources
- Thread starter Smokeymicpot
- Start date
HOLY SHIT.
http://money.cnn.com/2018/05/08/media/att-michael-cohen-consulting-payments/index.html
It's confirmed! Man well...I guess maybe Comcast could buy WB since I really can't see the merger with AT&T going through? I'd trust them more with the HP and DC franchises anyway.
Why is Comcast desperate? I mean, what does this take even mean?
They submitted a higher bid for Sky. They will beat Disney out for Sky. They are now mulling going all in on Fox's other assets in addition to acquiring Sky.
The "narrative" is, Comcast is an aggressive acquirer (as history has shown) and Roberts has no plans on making it easy for Disney.
:P
Seriously though, in the light of the news and putting in context, now it makes sense why Comcast was so desperate, doesn't? They were trying to control the narrative. There's no way that higher ups didn't know about this scandal being about to break. Mueller already knew, Avenatti knew. It's not hard to conjecture that Iger and Comcast people also knew that this was about to blow up. Hence why Iger seemed so adamantly confident.
This post didn't age well. :P
The 21st CF move they were desperately barking about depended on AT&T and TW merger happening. All of sudden, Comcast was telling their news website to present a list of demands for a "truce". Meanwhile Iger is like, IDGAF. He knew. All of them knew about this. Not when this would blow up, but that there was no way that AT&T and TW merging would be an easy sailing that would favor Comcast to keep going. It was their last move. And they blew it. And Disney already said that would help Fox in buying the rest of Sky if it was needed. Comcast was collateral on this story, but a big one.
Sky is literally the only part of the deal that really feels like it makes a ton of sense for Comcast.
Isn't Sky also a big part of the deal for Disney though too? They've not only offered Fox help in buying Sky, Disney even offered to outright buy Sky News on its own first in order to resolve any commonality issues the UK Government had just so that the Fox purchase could go through. They wouldn't be offering to go anywhere near that far if they weren't serious about wanting the whole thing.
I don't think after the AT&T scandal that's possible. The whole plan was based around the AT&T merger going through.
I have a hard time thinking the AT&T scandal is honestly going to affect anything, but that's just how I feel about most leaks lately.
Brazil is a clusterfuck and bribery ended a shitload of politicians and private CEOs here. If AT&T and Time Warner's dea go unscathered after this, then the USA can just literally give up. AT&T was just caught red handed with bribery. Not lobbying mind you, bribery. The merger will obviously take a big blow, and those "dependent" of a positive outcome of it as well. Disney / 21 CF are simply way better positioned than AT&T / TW and Comcast mind you at this point.
Judge Leon is still going to rule based on the merits, not on political considerations. In fact, he rejected arguments regarding Trump's intervention in the case. If there were bribery charges (and although I do not practice in this field, my understanding is it is unlikely to amount to a chargeable offense), those offenses should be prosecuted independently. If the case is in some remote reason ruled on based on the specter of bribery charges, then it would also not set a regulatory precedent on the types of mergers that are allowed--the precedent would be based on those bribery charges and would not create an antitrust precedent.
By the way, bribery of politicians is very hard to win based on Supreme Court precedent. The DOJ dropped bribery charges against Senator Menendez after he was alleged to receive $750,000 directly in exchange for political favors: https://www.bloomberg.com/news/arti...ing-charges-against-senator-menendez-jd3bmpv2
https://www.nytimes.com/2017/11/17/nyregion/menendez-seabrook-corruption-cases-crumbling-.html
To obtain a bribery charge, it would seem it would need to be tied to an official act, such as the DOJ declining to pursue antitrust charges against the merger; but in fact, the DOJ actually did sue against the merger, so the question would be, what public act was obtained via the payments?
Bribery is different than lobby. This is my field, AT&T and TW merger is royally screwed with this scandal. Not an argument. Just wait and see.
...this doesn't even make a lick of sense.
Reuters reported that Comcast is reaching out to investment banks about securing a bridge facility to put in an all cash bid.
CNBC did not report a list of demands for a truce. Ignoring the editorial independence between Comcast and NBCU, they simply listed the most important assets of Fox that Comcast wants. Which we already knew. Why does Comcast need a truce? They have shown that they are willing to put their money where their mouth is.
This is not their "last move." They are buying Sky because Disney is not going to get into a bidding war over that. If they can swing the rest of the Fox assets, they will make an attempt to do so.
Anyway, a far more interesting scenario would be Comcast forming a consortium to divvy up Fox, eliminating regulatory concerns. Or what happens if T/TW does not go through. Would that tempt the Murdoch's into rethinking going after TW once again?
This thread is dripping with irony. When it was announced Disney had intentions of buying Fox, there were cheers. Now, there are sharp attacks. All from moving from one multi billion company to another.
Y'all are just obsessed with them superheroes, huh.
Y'all are just obsessed with them superheroes, huh.
Even though I'm happy about X-Men and the fantastic 4 Coming to the MCU, I just don't want Comcast to be more powerful than it already is.
No they just like to seem like edgy and/or enlightened nerds.
No, people are constantly stating the difference in their situations which others keep ignoring.
So, two things. Well a few things. I needed a couple new remotes and literally walked into a local Comcast place and the lady just handed them to me without looking anything up. This is how I would like every customer service interaction to go.
2nd, I pay comcast for 200mbps internet but consistently get (at the lowest) 240mbps. At the highest, crack 300mbps.
Comcast is historically terrible but lately, hell I'll have a beer with em.
Oh Disney runs Internet and owns a big chunk of cable TV too huh? Yeah I didn't think so.
Ya'll just know the Disney name and assume they are like every other major corporation when Comcast buying the rights vs Disney is like apples and oranges
Could you explain how? I don't say you are wrong, understand. Just explain why the company founded by a nazi sympathizer and gobbling up literally all of the competition through it's entire existence, is a good guy?
Disney wants to trap you in their sandbox. They literally are stock piling IP to create a Netflix rival.
Comcast would like to trap you in their sandbox, but gave up a lot to be able to acquire NBCUniversal, which is why that has yet to happen after almost 5 years of NBCU ownership.
Neither company are acquiring Fox for the betterment of consumers.
Not really sure what this has to do with Disney in 2018, what a silly thing to sa-...oh my God, they're Hydra, aren't they?
This is the logic that got us our current president.
If you have to choose between bad and worse, go with bad.
So?
you can't have a monopoly of IP.
You mention Netflix, what big IP do they own that maintains their control of the market...
Disney is trying to make their IP and service more valuable by packaging it with other IPs.
The service system is the future and everyone is going there, more content is more value for that customer's money.
The alternative is a shitty company that would control the very Internet all competing services are on for many users.
Have fun when Comcast wants to throttle Netflix, Disney, DC, etc just because nobody is getting subscriptions to an exclusive Universal & NBC service.
better hope you are not the portion of Americans without ISP competition.
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If the Murdochs and the FOX shareholders can be sold on this vision of Disney streaming and Disney as a service then it makes sense that they would heavily, heavily favor DIS stock as opposed to CMCSA and/or cash. A 3.6 multiplier on your capital in 4 years is enticing. Hard for Comcast to compete if Fox's shareholders believe that vision.
https://www.cnbc.com/2018/05/04/disney-as-a-service-commentary.html
https://www.cnbc.com/2018/05/04/disney-as-a-service-commentary.html
So if you can't have a monopoly on IP, does it matter who acquires Fox?
Your entire argument is "Comcast has the capability to do nefarious things!" Guess what. As does Disney. Neither company is out to do what's best for consumers. Comcast at least has concessions it has to meet to promote a fair playing field due to its acquisition of NBCU.
Disney is a media company. A big one, but still just a media company. Comcast, as an ISP, own the entire pipeline. This is a problem. It's such a problem that Comcast already put in a bid before, but Fox rejected it because it would be too much of a regulatory headache.
http://variety.com/2018/biz/news/disney-fox-acquisition-comcast-timeline-1202758220/
As others in the thread noted:
Or hey, take the news!
Comcast Is Already Hated—and It's About to Become a Lot More Powerful
Is Comcast's Brian Roberts Trying to Kill Net Neutrality?
Essentially, everyone's saying to you, stop letting your dislike of Disney blind you to a worse outcome in terms of mergers. Disney, bad. Comcast, worse. This is not a superhero thing, fuck all that. This is about the leverage capable with the assets given.
Cant Disney, like, just get F4 and Xmen back and let Comcast get Fox?
Disney I fear is getting too big.
Disney I fear is getting too big.
And Comcast isnt? (Comcast is bigger fyi)
There is a reason for the backlash for Comcast. Because, for the billionth time. COMCAST IS FUCKING EVIL.
Disney doesn't even scratch the evil Comcast is.
How nice of you to stick up for little guy Comcast. Mom and pop internet companies get shit on far too often
On a real note Comcast needs to back the fuck up I need Dr Doom in Avengers 5
I meant as entertainment companies go Disney is getting too big (theyre way bigger than NBC-Universal) but youre right, Comcast as a whole is bigger.
Yup. Having dealt with Comcast as a provider and their dogshit excuse for "customer service", I would be super happy if news broke that Comcast was having to shut down. I hate them that fuckingmuch.
And Comcast, a company that is way bigger then Disney is okay?
And even as an entertainment company they own NBC/Universal already besides being just a telecommunications company.
By market cap, Disney is bigger than Comcast.
By revenue of the film and TV unit of each, Disney is bigger than NBCUniversal.
By profit of the film and TV unit of each, Disney is bigger than NBCUniversal.
Comcast is not 'way bigger' than Disney.
*sigh*
Comcast has been a great owner of media assets.
