As per media sources, Comcast Chief Executive Brian Roberts only plans to proceed with the bid if a federal judge allows AT &T’s planned $85 billion acquisition of Time Warner to proceed. The US Department of Justice has opposed the AT&T-Time Warner deal over antitrust concerns, and a decision from US District Court Judge Richard Leon is expected in June.
The exact value of Comcast's new bid for the Fox assets is not yet clear, although the $60 billion in
new financing indicates it is seeking significant firepower to outbid Disney. Comcast already has a $30 billion bridge loan to finance its Sky offer.
Fox shares rose 5.13 percent to $39.99 on the news in after-hours trading in New York on Monday.
Comcast shares were down 1.5 percent to $31.90, while Disney shares were down 0.5 percent to $102.00.
Murdoch, who owns close to a 17 percent stake in Fox and holds about 40 percent of the voting power, prefers to be paid in stock rather than cash for the Fox assets, because this makes the transaction non-taxable for shareholders, sources have said.
It is not clear how receptive he would be to an all-cash offer.