Davis Polk, Wachtell Guide Comcast In $65B Cash Bid For Fox Assets

Law360 (June 13, 2018, 4:18 PM EDT) -- Comcast Corp., guided by Davis Polk & Wardwell LLP and Wachtell Lipton Rosen & Katz, on Wednesday lobbed a $65.03 billion cash offer for the assets 21st Century Fox agreed to sell to California-based Walt Disney Co. last year, posing a challenge to the Walt Disney deal the day after another major vertical media merger secured antitrust approval.

Comcast's decision to press forward with an offer for Fox's assets comes after a D.C. federal judge ruled Tuesday that AT&T can complete its $85.4 billion takeover of Time Warner. (AP) The company's decision to press forward with an offer for Fox’s assets comes after...

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