For its part, Disney successfully outbid Comcast in December for a collection of assets that include Twentieth Century Fox, Fox Searchlight Pictures and Fox 2000, along with the television creative units, Twentieth Century Fox Television, FX Productions and Fox 21.
Comcast shares have fallen about 15% since Disney announced its bid for Fox, and industry watchers believe Comcast's proposed all-cash bid will stand a better chance, despite Fox Executive Chairman Rupert Murdoch reportedly preferring Disney shares.
Yesterday, Greg Roumeliotis and Liana B. Baker reported in Reuters that Comcast is seeking a $60 billion financing facility to make an unsolicited all-cash counter-bid to Walt Disney for assets of 21st Century Fox.
Regulatory concerns aside, Fox last month viewed Disney's stock as "more valuable than Comcast's, based on historic prices, and felt that a deal between Disney and Fox would generate greater long-term value", says Reuters.More news: Manchester United captain Carrick devastated by Ferguson illness
More news: 23 killed as coal mines collapse in Pak
More news: Klopp excited by Keita arrival as Liverpool eye more signings
Comcast and Disney see the writing on the wall - change and adapt or become Blockbuster. While Disney and Fox's respective boards of directors approved the deal, it hasn't gone through yet. Disney is going to be launching its own video streaming services in 2019.
Lachlan Murdoch now serves as executive co-chairman of 21st Century Fox.
Last December, Disney announced they would acquire Fox's film, television and worldwide businesses in an attempt to combat the growing threat of streaming giants Netflix and Amazon.
If the Disney buyout goes through, Marvel will get Fox's characters, like the X-Men and Fantastic Four, back without any issues. The 21st Century Fox deal is their latest battleground. The U.S. Department of Justice has opposed the AT&T-Time Warner deal over antitrust concerns, and a decision from U.S. District Court Judge Richard Leon is expected in June. Murdoch, too, would be in a tight spot because he would have to justify for shareholders accepting a lower amount when Comcast was offering more money. There is also nothing stopping Disney from going to investment banks to up their bid for 21st Century Fox.