May 8, 2018

Report: Comcast preparing bid for Fox, pending AT&T decision

Photo: Gary Hershorn/Getty Images

Comcast is asking investors to increase financing mechanisms by $60 billion so it can make an all-cash offer for 21st Century Fox's media assets, Reuters reports.

Why it matters: Fox has already agreed to sell its media assets to Walt Disney Co for $52 billion. Reporting and regulatory filings suggest that Fox rejected higher bids from Comcast previously due to regulatory concerns.

The bigger picture: This move adds to the pressure to the upcoming decision of a U.S. district judge over whether to allow a similarly-structured "vertical" merger between a telecom company (AT&T) and a content company (Time Warner) to go through.

  • Comcast also announced last month a $31 billion takeover bid for European television giant Sky, which subsequently pulled its support for an already agreed-upon deal with 21st Century Fox. Comcast's bid was 16% higher than Fox's, on a share vs. share basis.

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Updates: George Floyd protests nationwide

Police officers wearing riot gear push back demonstrators outside of the White House on Monday. Photo: Jose Luis Magana/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued for a seventh day across the U.S., with President Trump threatening on Monday to deploy the military if the unrest continues.

The latest: Four police officers struck by gunfire while standing near a line in St Louis on Monday after a peaceful demonstration, Police Chief John Hayden said early Tuesday. They were all taken to hospital with non-life threatening injuries. He said a small group of people had thrown rocks and fireworks at police officers.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 6,273,402 — Total deaths: 375,683 — Total recoveries — 2,697,873Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 1,811,277 — Total deaths: 105,147 — Total recoveries: 458,231 — Total tested: 17,340,682Map.
  3. Public health: Nearly 26,000 coronavirus deaths in nursing homes have been reported to federal health officials —Coronavirus looms over George Floyd protests across the country.
  4. Federal government: Trump lashes out at governors, calls for National Guard to "dominate" streets.
  5. World: Former FDA commissioner says "this is not the time" to cut ties with WHO.
  6. 🎧 Podcast: The virus didn't go away.
Updated 2 hours ago - Politics & Policy

St. John's clergy: Trump used church as prop, Bible as symbol of division

Photo: Brendan Smialowski/AFP via Getty Images

Clergy of the historic St. John's Episcopal Church expressed furor and confusion over President Trump's visit on Monday, which he claimed was to honor the establishment after George Floyd protestors sparked a small fire on the property Sunday night.

The big picture: Park rangers and military police deployed tear gas and physical force to disperse peaceful protestors from Lafayette Park, which surrounds the White House, so Trump could walk to "pay respects" to the church — and a St. John's rector on the scene revealed in a Facebook post that she was left "coughing" from the tear gas.