Comcast Goes Public on Plan for Fox Bid to Challenge Disney

Renewed pursuit follows December announcement of Disney deal at a lower price than Comcast had offered

Shalini Ramachandran and

Austen Hufford

Updated May 23, 2018 11:59 a.m. ET

Cable giant Comcast Corp. said it is in advanced stages of preparing a higher, all-cash offer for the assets of 21st Century Fox that Walt Disney Co. has agreed to buy, an effort it made public Wednesday to convince Fox shareholders of its seriousness.

Earlier this month, The Wall Street Journal and others reported that Comcast was considering making a play to break up that $52.4 billion all-stock Disney deal and had lined up around $60 billion in financing for an all-cash offer.

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