Comcast offers to buy Fox media assets for $65 billion in cash

Comcast Corp on Wednesday offered $65 billion for the businesses Twenty-First Century Fox had already agreed to sell to Walt Disney Co a day after AT&T won approval to buy Time Warner.

Comcast confirmed last month that it was preparing a higher all-cash offer than Disney’s $52 billion all-stock deal for Fox’s media assets, but had been awaiting the outcome of the court hearing on the AT&T deal before bidding formally.

Fox in December agreed to sell its film, television and international businesses to Disney.

Reporting by Arjun Panchadar in Bengaluru; Editing by Maju Samuel