Cable giant Comcast has launched a hostile bid for 21st Century Fox, the media empire controlled by Rupert Murdoch.
The $65bn bid, made on Wednesday afternoon, comes in a week of seismic change for the media industry.
Comcast, which already owns NBCUniversal, is the US’s largest cable company and is likely to face regulatory scrutiny should Fox consider its bid.
The all-cash offer is about 19% higher than Disney’s $52.4bn offer, Comcast said, and is likely to spark a bidding war with Disney that could last months.