Comcast made a $65-billion United States bid Wednesday for Fox's entertainment businesses, setting up a battle with Disney to become the next mega-media company.
The $85 billion merger between AT&T and Time Warner was approved Tuesday.
In the most high-profile antitrust case in decades, the ruling is likely to set a benchmark for whether other mega-deals, especially in the media and communications sectors, can proceed or will face heightened antitrust scrutiny.
Comcast was "disappointed when [21st Century Fox] made a decision to enter into a transaction with The Walt Disney Company, even though we had offered a meaningfully higher price", Roberts wrote. "This is even higher than the Street thought, which speaks to Comcast really wanting these key assets".
The judge's decision could open the door to other mergers, including Comcast Corp. making a formal bid for the 21st Century Fox, which gained as much as 7.3 percent after the ruling and is also the target of competing interest from Walt Disney Co.
Comcast said it meant to pursue its $30 billion acquisition of Sky Plc (SKYB.L) in parallel with its Fox bid.
Content is becoming more important as ways to deliver content proliferate.
If AT&T is successful in its bid to buy Time Warner, it will nearly certainly find itself competing in a media market dominated by other large, integrated providers. Disney is planning on launching its own streaming service next year that will feature family-oriented content and has already launched a sports service for its ESPN all-sports cable network. But hey, if Comcast does wind up with Fox, you can just change your dreams and begin contemplating a world where Alien vs. Predator vs. Comcast, a distributor of content, would have access to Fox's popular franchises like X-Men and the Avengers as well its its production studios, to broadcast to its subscribers. It bought NBCUniversal's cable channels and movie studio in 2013 and added Dreamworks Animation in 2016. If Comcast buys Fox and Sky, the cable giant could become one of America's largest corporate borrowers and its credit ratings may teeter at the bottom edge of investment grade. A combined company would hold the rights to air Fox's long running TV show "The Simpsons", the US rights to the Olympics and Premier League Soccer. The companies also are interested in expanding internationally at a time when the U.S. television business is slowing. That's key for Comcast, which now doesn't have an worldwide presence.
But some experts urged caution in thinking that the DOJ's top antitrust official Makan Delrahim would allow a Comcast-Fox deal to go through unopposed.
The Fox board was scheduled to vote on whether or not to accept the Disney deal on July 10, so we may be in for a flurry of new bids over the next few weeks. The $35 per share offer represents a 19% premium on Disney's $52.4 billion all-stock offer for the same assets.
Regulators are now reviewing the Disney transaction.
In turn, that could drive up what consumers pay.
Outside of court, however, critics of the lawsuit pointed to Trump's frequent criticism of CNN, which is owned by Time Warner.
They are fighting over Fox's television and film studios, as well as global properties, including Star India and Sky.
That could raise regulatory objections. "The question is whether Disney is ready because unlike in 2004, Comcast is in it to win!"
Initially, the companies planned to use a "selective enforcement" defense, alleging that the administration was blocking the deal because of Trump's disdain for CNN. It is also being reported by Variety that AT&T Watch will be offered to AT&T Wireless customers for free.
Comcast today offered to match the $2.5 billion breakup fee that Disney previously agreed to.
President Donald Trump declared the biggest enemy of the United States to be "the Fake News" in a tweet on Wednesday. Dear journalists, once again: When someone declares war on you and on freedom of expression, you have two options.
Speaking to Fox News , Kudlow said: "He is very seriously contemplating kind of a shift in the NAFTA negotiations". Trump has infuriated the European Union, Canada and Mexico by imposing tariffs on steel and aluminum imports.
A selection of " Mean Girls " was near the top of the show, one of several productions that would be featured during the ceremony. Andrew Garfield picked up the first award of the night for Best Actor in a Play for his role in Angels in America .
The Fed anticipates that inflation will overshoot its 2% target this year; in March, officials saw that happening only in 2020. Powell has repeatedly played down the dot plot as a guide to future interest rates, though investors continue to focus on it.
SNP leader and Scottish First Minister Nicola Sturgeon tweeted minutes later that she was "right behind" her party's MPs. Yet last night she pressed ahead with a power-grab in direct opposition to Scotland's elected Parliament.
Banks has branded the investigation a "joke" and said it had "fired an arrow into the wall and painted a target around the arrow". But he abruptly left the hearing after more than two and half hours, saying it had over-run and he had another appointment.
It's tough to determine which player would be included in the deal, but the favorite would likely have to be Tobias Harris . Doncic would give the franchise a foundation and perhaps more of a "sure thing" than their two lottery picks could provide.
It showed a man-now suspected to be Bishop-dancing and doing a backflip late at night in a Denver bar called Mile High Spirits. Mile High Spirits, the Denver distillery where incident occurred, released a statement on Facebook.
As expected, the NCAA's Division I Council adopted a new rule Wednesday that will change the way transfers take place. Once the individual's name is in the database, coaches at other institutions have free reign to contact the student.
People encouraged to donate blood
The American Red Cross is launching a new campaign to attract new blood donors and encourage old ones to roll up their sleeves. In just 60 minutes, you can donate one pint of blood and Save a Life, Right Here, Right Now in your own community.