The Presidential Daily Brief


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    Comcast Outbids Disney With $65 Billion Offer for Fox

    Top that. The global telecommunications giant has offered $65 billion to buy much of 21st Century Fox’s entertainment and international assets, beating out Disney’s previous bid of $52 billion. Observers believe the move — which comes a day after a federal court approved a merger of AT&T and Time Warner — will likely trigger a bidding war between the two media entities. Both cases illustrate the broader attempt by major telecoms and cable companies to gain a foothold against tech powerhouses like Netflix and Google.

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