Comcast Prepares To Challenge Disney Fox Deal With A Superior Bid To Disney S 50 Billion Offer

By Hoai-Tran Bui/May 23, 2018 10:30 am EST

The cable giant, which owns NBCUniversal, released the following statement:

While no final decision has been made, at this point the work to finance the all-cash offer and make the key regulatory filings is well advanced."

But as the AT&T and Time Warner merger nears a solution, conglomerates are scrambling to corner larger markets of the entertainment industry — whether it means starting their own streaming services or engineering comic book movie crossover events.