Disney might still be working on the acquisition of 21st Century Fox and its television and film assets, however, Comcast has been posing as a threat to the deal, trying to outbid the Mickey Mouse House with an all-cash deal of its own.
Now, according to Deadline, Wall Street analysts expect the bidding war between Disney and Comcast for 21st Century Fox to start heating up now that AT&T's acquisition of Time Warner was given regulatory approval today.
Speaking with the publication, investment banker Lloyd Grief predicts that "All hell's going to break loose on the Disney-Fox deal" and that he wouldn't "count Disney out" of the mess.
Disney's been at the forefront of the sale of 21st Century Fox for quite some time already with the Mickey Mouse House and Fox reaching some sort of agreement by word of mouth.
However, the deal between the companies still hasn't been signed off by all of Fox's stockholders. There's also the fact that Fox executive Rupert Murdoch isn't completely sold to the idea of Disney purchasing the company's film and TV assets. Comcast is close behind Disney, planning to make an offer to Fox's board that would include more cash and less stock, a seemingly better offer than what Disney's already promised Fox.
Let's wait and see what might become of this battle soon enough.
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