Michael Seto
Comcast CEO Brian Roberts
Comcast said Wednesday it was considering an all-cash offer for most of 21st Century Fox's assets to outbid Disney's previously announced deal.
Reuters had reported earlier in May that Comcast was speaking to investment banks, preparing a bid that would surpass Disney's $52 billion offer. The assets Disney had agreed to buy exclude the Fox New Channel and Fox Business Network.
Comcast said it hasn't made a final proposal, but "the work to finance the all-cash offer and make the key regulatory filings is well advanced."
Comcast previously made a £22 billion ($30 billion) offer for the 61% stake in the European pay-TV group Sky.
Shares of both companies were little changed in premarket trading.