Comcast’s $65 billion bid for most Twenty-First Century Fox assets is credit negative
On Wednesday, Comcast Corporation (A3 review for downgrade) offered $65 billion in cash to acquire most of the assets of Twenty-First Century Fox America Inc.’s (Baa1 review for upgrade) parent, Twenty-First Century Fox Inc. The offer, consistent with our expectations in May when we placed Comcast on review for downgrade, is credit negative for Comcast […]