Disney is expected to add cash to its bid for Twenty-First Century Fox assets, sources tell CNBC.
The move comes days after CNBC parent Comcast launched a $65 billion cash bid for the assets, which include Fox’s movie studios, networks National Geographic and FX, Star TV, stakes in Sky, Endemol Shine Group and Hulu as well as regional sports networks. Comcast’s bid was a 19 percent premium to Disney’s offer.
Earlier, Disney reached an agreement with Fox to buy the assets for $52.4 billion, but CNBC has reported the company was willing to add cash if needed.
Fox’s board meets Wednesday to discuss Comcast’s bid, and would engage in talks if it deems the offer superior.
This is a developing story. Check back here for updates.
