The Wall Street Journal: Fox rejected Comcast’s richer bid over antitrust worries

21st Century Fox Inc. rejected an acquisition offer for its entertainment assets from cable giant Comcast Corp. largely over antitrust concerns, according to a regulatory filing, even though the bid was 16% higher on a per-share basis than what Walt Disney Co. ultimately agreed to pay.

After extended discussions, Fox’s board ultimately decided that Comcast’s offer was too risky to accept, according to the filing. Fox FOX, -0.73% was concerned such a deal might not pass muster in Washington, and even if it did, it would require divesting valuable assets that would reduce the value of the deal to Fox.

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