Comcast has confirmed it is preparing to top Disney’s $52bn (£39bn) bid for 21st Century Fox.
The structure and terms of any offer by Comcast … would be at least as favourable to Fox shareholders as the Disney offer.”
Comcast put in a $60bn bid for Fox last year, a 16% premium to Disney’s offer, but Rupert Murdoch rejected it, citing regulatory concerns and share structure.
“Any offer for Fox would be all-cash and at a premium to the value of the current all-share offer from Disney.