Deals and IPOs

Comcast prepares to bid on Fox in mid-June: Sources

Key Points
  • This time, an offer would include protections such as a reverse termination fee, sources tell CNBC.
  • CNBC reported Monday that Comcast was preparing a $60 billion all-cash bid that would top one made by Walt Disney.
  • Comcast could take on significant debt in a deal for the Fox assets, sources say.
A sign outside the 21st Century Fox headquarters in New York.
Scott Mlyn | CNBC

Comcast is preparing to make its bid for Twenty-First Century Fox's assets in mid-June, sources tell CNBC.

This time, a bid would include protections such as a reverse termination fee, the sources told CNBC.

CNBC reported Monday that Comcast was preparing a $60 billion all-cash bid that would top Walt Disney's deal to acquire the studio and production assets of Fox if the government approves AT&T's acquisition of Time Warner.

Comcast could take on significant debt in a deal, sources told CNBC on Tuesday, up to $100 billion.

But the sources also said Comcast CEO Brian Roberts and Disney CEO Bob Iger aren't communicating about resolving this bidding battle.

Activate’s Michael Wolf on Comcast competing for Fox assets
VIDEO3:4003:40
Activate’s Michael Wolf on Comcast competing for Fox assets

Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.