Comcast Says It’s Considering Richer Offer for Fox Assets

Comcast confirmed that it is considering an offer for assets of 21 Century Fox that would top the amount Disney has already agreed to pay. Comcast said it is “in advanced stages” of preparing an offer and that any offer for Fox would be all-cash and at a premium to Disney’s $52.4 billion bid, which is based on stock. “While no final decision has been made, at this point the work to finance the all-cash offer and make the key regulatory filings is well advanced,” Comcast said. After Fox head Rupert Murdoch decided to sell a large chunk of his media empire, it set off a battle between Comcast and Disney, which are both seeking to have the kind of scale and content creation power that will be needed in the future of the media business.