Comcast CEO Brian Roberts. Photo by Drew Angerer/Getty Images.

Comcast is lining up buyers for 21st Century Fox's regional sports networks (RSNs) in order to ease Fox shareholders' concerns about whether the telecom giant would get the necessary regulatory approval to acquire Fox's entertainment assets, Reuters reports.

Why it matters: It's likely that Comcast is looking to increase its $65 billion bid for Fox's properties to beat Disney's $71 billion counter-offer. Disney has already struck a deal with the Justice Department to divest Fox's RSNs, which earned approval a few weeks ago. 

The bigger picture: The Wall Street Journal reported last month that Comcast is talking to other companies or private-equity investors that could provide additional cash for Comcast to increase its bid for the Fox properties.

  • Sources tell Axios to expect a new bid from Comcast in the mid-$40 per share range in the coming weeks.
  • The sale of RSNs could also free up cash flow for Comcast, which would be taking on significant debt to finance the acquisition.

Fox originally turned down a merger offer from Comcast last year due to regulatory concerns. While Fox executives have perviously vocalized support for a Disney merger, some shareholders have urged Fox leadership to consider a possible higher bid from Comcast.

Go deeper: Why Fox is a must-win for Comcast.

Go deeper

Trump says he intends to give RNC speech on White House lawn

President Trump speaking to reporters on South Lawn in July. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump told the New York Post on Thursday that he plans to deliver his Republican National Convention speech from the White House lawn, despite bipartisan criticism of the optics and legality of the location.

Why it matters: Previous presidents avoided blurring staged campaign-style events — like party conventions — with official business of governing on the White House premises, per Politico.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 20,739,537 — Total deaths: 751,910— Total recoveries: 12,895,242Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 5,242,184 — Total deaths: 166,971 — Total recoveries: 1,755,225 — Total tests: 64,612,034Map.
  3. Politics: House Democrats to investigate scientist leading "Operation Warp Speed" vaccine projectMcConnell announces Senate will not hold votes until Sept. 8 unless stimulus deal is reached.
  4. 2020: Biden calls for 3-month national mask mandateBiden and Harris to receive coronavirus briefings 4 times a week.
  5. States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
  6. Business: Why the CARES Act makes 2020 the best year for companies to lose money.
  7. Public health: Fauci's guidance on pre-vaccine coronavirus treatments Cases are falling, but don't get too comfortable.

Fauci's guidance on pre-vaccine coronavirus treatments

Illustration: Aïda Amer/Axios

Antibody drugs and various medicine cocktails against the coronavirus are progressing and may provide some relief before vaccines.

The big picture: Everyone wants to know how and when they can return to "normal" life, as vaccines are not expected to be ready for most Americans for at least a year. Two therapies are known to be helpful, and more could be announced by late September, NIAID Director Anthony Fauci tells Axios.