Comcast is reportedly preparing to offer an all-cash bid for 21st Century Fox, which would likely disrupt the in the works Disney-Fox deal.
Reuters reports that U.S. cable operator Comcast Corp. is asking investment banks to increase a bridge financing facility by as much as $60 billion so it can make an all-cash offer for the media assets that 21st Century Fox Inc has agreed to sell to Walt Disney Co. for $52 billion.
Comcast had been pursuing Fox before the Disney deal was put in place and has continued to pursue it. A lot though will depend upon if the U.S. government approves AT&T’s acquisition of Time-Warner – if it happens, Comcast will then make an all-cash bid. If not, Comcast will have to back off. That decision is expected next month.