Enjoy live music, open bar and tastings from the area's best restaurants at the first ever Best of Greater Williamsburg Event! Get your Early Bird Tickets today!

Walt Disney Co.

Comcast challenges Disney with $65 billion bid for Fox

Comcast challenges Disney with $65 billion bid for Fox

The Fox hunt is on.

Comcast Corp. late Wednesday offered $65 billion in cash for much of 21st Century Fox, a 19 percent premium over the December offer from Walt Disney Co., which Fox Chairman Rupert Murdoch had already accepted.

To further sweeten the all-cash deal, the nation’s largest cable provider offered to pay at least $4 billion in breakup fees should Comcast fail to win regulatory approval for the deal — and to make Disney go away.

The offer sets the stage for a potential bidding war with Disney and its chief executive, Bob Iger, who views the combination with Fox as key to the Burbank company’s growth.

Comcast's move was widely expected after a federal...