Tuesday is D-Day for blockbuster media deals.
Much more than the sale of Time Warner for $85.4 billion, or $108.7 billion including debt, is in the balance, however. Leon's order will likely determine whether Comcast Corp. (CMCSA) starts a bidding war with Walt Disney Co. (DIS) for Twenty-First Century Fox Inc. (FOXA)
Depending on the ruling, a Comcast bid for Fox could come as early as Wednesday, wrote Rich Greenfield, a BTIG LLC analyst, in a recent report
"We expect a Comcast bid for Fox under almost any circumstance, unless there is problematic language in the AT&T Time Warner court decision that makes the prospect of vertical media mergers untenable going forward," Greenfield wrote.
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