Comcast is reportedly seeking increased financing from bankers to make a $60 billion all-cash offer for 21st Century Fox’s assets.
The offer would top the $52 billion Walt Disney has already agreed to pay for most of Fox’s assets.
Reuters, citing three unnamed sources familiar with the matter, reported that Comcast would only continue with the deal if the judge in AT&T’s ongoing antitrust trial sides with the telco and allows its proposed $85 billion acquisition of Time Warner to proceed. A ruling in the case is expected next month.
Comcast last month, formalized its $31 billion cash offer for British pay TV operator Sky, which Fox already owns 39 percent of. Fox has been advancing its efforts to buy the remaining 61 percent of Sky it doesn’t already own.
Comcast is asking investment banks for an increase in a bridge financing facility that’s already in place for its Sky bid, so that the cable giant can acquire Fox’s assets as well, according to the report.
