Stories

Comcast readying Fox bid pending AT&T decision

Photo by Joe Raedle/Getty Images

Comcast is preparing to announce a bid for 21st Century Fox on Wednesday if the AT&T-Time Warner deal is approved, sources tell CNBCand others.

Why it matters: Fox initially rejected a higher bid from Comcast, fearing regulatory hurdles that come with a vertical merger, according to SEC filings. But if AT&T's merger with Time Warner is allowed, Fox may have reason to consider a higher bid from Comcast.