According to the report, Comcast CEO Brian Roberts wants to go through with the bid-but only if the pending $85 billion acquisition of Time Warner by AT&T ultimately goes through.

There is no word on the figure that Comcast is ponying up but it would likely be more than the $52 billion that Disney has placed in front of 21st Century Fox.

However, that deal may soon be off the table, as Comcast has started a bidding war not only for the acquisition of the Britain based satellite group Sky, but reportedly began discussions to find a way to beat Disney to the punch in acquiring Fox. In doing so, it topped an earlier offer for the entirety of Sky by Fox. He added that if Comcast acquires Fox, it might lead to Comcast spinning off its cable/internet and entertainment businesses into separate companies. While Disney and Fox's respective boards of directors approved the deal, it hasn't gone through yet. Disney (dis) and Fox alluded to regulatory complexities associated with a potential Comcast buy-out in explaining why Disney's lower offer was accepted.


Reuters reports that Comcast is speaking with investment bankers about obtaining bridge financing for an all-cash offer.

The sources asked not to be identified because the matter is confidential.

The Fox-Sky deal has been held up by concerns about the influence Murdoch could wield over public opinion through owning all of the broadcaster as well as British newspapers The Times and The Sun.


For those unaware, Comcast was another corporate entity that proposed to acquire 21st Century Fox a year ago.

Disney Chief Executive Bob Iger secured an all-stock deal with Fox Executive Chairman Rupert Murdoch in December. It is not clear how receptive he would be to an all-cash offer. Any such deal would also see Comcast acquire 100 per cent of Sky. Fox already owns 39 percent of Sky, which would transfer to Disney under the deal, and many analysts saw Comcast's bid as a means of undercutting Disney.

The buyout would include Fox channels including FX and Nat Geo, among others, but would not involve Fox News, Fox Business Network, Fox Sports 1 or 2, the Big Ten Network or the Fox broadcasting network and stations.


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