Comcast could make $60 billion cash bid for Fox

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The outcome of the case, which is expected to be announced in June, will determine whether or not Comcast makes the bid.

Comcast is offering $5.4 Billion more than Mr Murdoch's bid.

Though Comcast was initially rejected in its bid for 21st Century Fox's assets, the company remains persistent and steadfast in its quest to obtain Fox. According to Reuters' sources, Murdoch favors stock transactions because they are non-taxable for shareholders.

Comcast believes Disney can not match an all-cash bid for Fox because if it adds more stock to a deal, Fox stock will go down, depressing the value of the offer, sources told CNBC.

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Last November, it actually offered to acquire most of Fox's assets in an all-stock deal valued at $34.41 per share, or $64 billion. (Nasdaq: CMCSA, CMCSK) takeover would obviously sink the deal between 21st Century Fox and Walt Disney Co.

But regulatory fears could wane if a federal judge allows AT&T Inc.to acquire HBO-owner Time Warner Inc. And Comcast is confident it can raise the financing for a rich all-cash bid if need be.

Comcast has so far made the higher offer, at £12.50 a share compared with Fox's £10.75. For several months now, it's been all but accepted that The Walt Disney Company will acquire various assets from 21st Century Fox. And it would also put pressure on Disney and its stock as the company would likely be forced to raise its price for Fox to preserve the deal. But Comcast already has a bid in to buy the entirety of Sky, which would effectively spoil the pot for Disney. Both Disney and Comcast see Sky as a vital platform for furthering their content and OTT strategies in worldwide growth markets. (NYSE: DIS), which in December said it would take control of Fox's film, TV and worldwide businesses in an all-stock transaction. It sounds like Comcast's new pursuit of Fox isn't a sure thing either. That opened the door to Comcast's counteroffer. The Wall Street Journal previously reported that Comcast could revive its offer.

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