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Report: Comcast preparing bid for Fox, pending AT&T decision

Photo: Gary Hershorn/Getty Images

Comcast is asking investors to increase financing mechanisms by $60 billion so it can make an all-cash offer for 21st Century Fox's media assets, Reuters reports.

Why it matters: Fox has already agreed to sell its media assets to Walt Disney Co for $52 billion. Reporting and regulatory filings suggest that Fox rejected higher bids from Comcast previously due to regulatory concerns.