Comcast jumps after crashing Disney's attempt to buy 21st Century Fox assets CMCSAGet the Full StoryComcast is surging after it proposed an all-cash deal to buy 21st Century Fox assets.
The offer's price tag tops the recent deal proposed by Disney.
Jefferies analyst John Janedis says the deal is financially accretive and that Fox won't be able to resist.
Watch Comcast trade in real time here.
Comcast shares are up 3 Thursday after the company proposed an all-cash offer for 21st Century Fox assets.
Comcast offered 21st Century Fox 65 billion in cash for its production assets and movie franchises excluding Fox Business and Fox News , topping Disney's 52 billion stock offer for those same assets. The television giant made the proposal a day after the Department of Justice approved the pending AT&T and Time Warner merger, which sets a regulatory tone that seems to be merger friendly for the industry. See the rest of the story at Business InsiderNOW WATCH: Why so many fast food logos are redSee Also:Share your opinion Become a BI Insider todayThe 30 rudest cities in America, where manners are basically a foreign conceptAT&T sinks overnight after court approves its 85 billion bid for Time WarnerSEE ALSO: Sobering photos show a Texas detention center for immigrant children where a mural of Trump is painted on a wall