Comcast Corp. is lining up financing for a potential bid for 21st Century Fox Inc.’s entertainment assets, countering a previously accepted offer from Walt Disney Co., said a person with knowledge of the situation.
Comcast is talking to investment banks about obtaining bridge financing for an all-cash bid, said the person, who asked not to be identified because the deliberations are private. The move, previously reported by Reuters, threatens Disney’s $52 billion deal to purchase Fox’s film and TV assets.
The prospect of a bidding war sent Fox shares up as much as 5.1 percent in late trading May 7. ...
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