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Comcast Looks to Wrest Fox Entertainment Assets From Disney

  • Move would escalate a bidding contest underway in Europe
  • Cable giant is lining up financing for an all-cash offer
Bloomberg business news
Bloomberg’s Paul Sweeney says Disney’s Bob Iger is ready for a bidding war over Fox.(Source: Bloomberg)
Updated on

Comcast Corp. is ready to go to war with Walt Disney Co.

The cable giant confirmed on Wednesday that it may make an offer for a wide swath of 21st Century Fox Inc.’s entertainment assets, a business that Disney has already agreed to buy for roughly $52 billion.