Comcast’s $65 billion cash bid Wednesday was higher than what many analysts were expecting. Spencer Platt/Getty Images/AFP
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Competing bids from Comcast and Disney for the bulk of Twenty-First Century Fox come as the media landscape changes and companies get more involved in both creating and distributing content. "X-Men" and other movies from Fox's studios would help beef up Disney's upcoming streaming service. The Fox properties would expand Comcast's reach, though the company would have just 25 percent of the box office with Fox added, according to figures from Box Office Mojo.Regardless of which company prevails in buying Fox, the Fox television network and some cable channels including Fox News will stay with media mogul Rupert Murdoch.Currently, Comcast, Disney and Fox each have a 30-percent stake, with Time Warner owning the other 10 percent. With Fox's share, either Comcast or Disney would end up with a controlling 60-percent stake.If Comcast prevails, Disney's service could be less appealing, as it wouldn't have Fox video.Fox has a 39 percent stake in Sky and has been trying to buy outright, with the intention of selling the full company to Disney as part of that deal.
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