Likelihood of another Comcast offer for Fox assets has gone down: Faber

The likelihood of a potential competing offer by Comcast for Twenty-First Century Fox‘s movie studio and other assets has diminished, CNBC’s David Faber reported on Wednesday.

Disney and Comcast. Disney recently upped its bid to $71 billion in cash and stock, slipping above Comcast’s $65 billion all-cash offer, which came last month in response to an earlier Disney all-stock offer.

The bidding for both Fox assets and Sky has pushed the potential value of those deals well above levels where they started out, Faber noted. The bidding for Sky is about 40 percent higher than where it started.

source : www.cnbc.com