Fox deal is 'not gonna happen,' analysts say

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Fox agreed in December to sell the assets in question to Walt Disney Co. for $52.4 billion in stock.

"At the margin, the news may be seen as negative for investor sentiment on Sky as it may limit Comcast's ability to counter-bid should Fox raise its offer for Sky", UBS said.

The cable and broadband giant is in talks with banks to obtain some $60 billion in bridge financing needed to bid for Rupert Murdoch's Fox, said reports. Instead, Disney is now planning to acquire Fox's film, television and global businesses.

There seems to be no shortage of twists and turns in the ongoing battle for 21st Century Fox's assets.

Semi-final elation for Real Madrid and Liverpool [GALLERY]
Mats Hummels was quick not to apportion blame on Ulreich. But we will be really on fire, you can imagine". They had 22 shots at goal to Real's nine.

Further Comcast is only apparently planning to make the formal offer to Fox if the U.S. Justice Department is defeated in court in its challenge of AT&T Inc.'s separate and unrelated bid to purchase Time Warner. That opened the door to Comcast's counteroffer. A source close to the situation cautioned that no final decisions have been made about a full-tilt push at a 21st Century Fox counteroffer to the Disney deal. Indeed, now Comcast is offering 22 billion pounds (about $30 billion) to acquire 61 percent ownership of Sky. Comcast's stock fell 5.5 percent Tuesday to $30.59 in response to the news.

Shares in Sky were down 1.5% at 1,352p in mid-morning trading.

The buyout would include Fox channels including FX and Nat Geo, among others, but would not involve Fox News, Fox Business Network, Fox Sports 1 or 2, the Big Ten Network or the Fox broadcasting network and stations. Should Comcast's latest deal - an all cash offer - go through, however, it appears any hopes fans had of seeing the X-Men and Fantastic Four in the Marvel Cinematic Universe may simply be a pipe dream. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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