The company said Wednesday that it's preparing to top Disney's bid for most of 21st Century Fox with an all-cash offer. The timing of Comcast's announcement significant: Disney and Fox shareholders are soon expected to vote on their own deal. In its Wednesday statement, Comcast also promised Fox (FOX) shareholders that it would include a termination fee that "would be at least as favorable to Fox shareholders as the Disney offer." Related: What Comcast, Disney and Fox all see in SkyThe battle between Comcast and Disney isn't just limited to the Fox assets either. However, Comcast formalized a bid for a majority stake last month as a challenge to Fox, leaving Sky's fate uncertain.

Source: CNN May 23, 2018 12:32 UTC