COMCAST Prepping Last-Ditch All-Cash Offer For 21ST CENTURY FOX Despite Disney Deal - Report

21st Century Fox
Credit: 21st Century Fox

Comcast Corporation is gathering resources for an all-cash offer up to $60 billion for 21st Century Fox's media assets despite a $52b all-stock deal already in place with the Walt Disney Company, according to Reuters.

Citing three unspecified sources "familiar with the matter," the news agency reports that Comcast CEO Brian Roberts sees an opening if U.S. federal courts approve AT&T's $85b acquisition of Time Warner to go forward - a ruling is expected on that matter in June.

Back in November, Comcast made a $64b all-stock offer for the Fox assets up for sale, but were rejected according to Reuters due to "regulatory hurdles."

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