Comcast is planning a $ 60 billion bid to help Walt Disney acquire most assets of Twenty-First Century Fox should the US government approve AT & T's acquisition of Time Warner.
Comcast is calling on investment banks to raise $ 60 billion in the bridging finance that they have already arranged for Sky Funding Fox's offer, Reuters previously reported.
Comcast initially propagated its strong share as a reason for Murdoch to accept a deal from the largest US cable operator instead of Disney
But Comcast shares have fallen 1
Comcast CFO Michael Cavanaugh said on the company's most recent profit distribution, "As far as potential acquisitions are concerned, it's our job to continually evaluate if there are opportunities for us to create value, but should we pursue something while ours Inventory at these levels is, While circumstances can always change, I find it unlikely that we would use Comcast stock as a medium of exchange for a transaction. "
Comcast believes that Disney is not an all-cash bid for Fox The Reuters previously reported that Comcast had talked to banks about getting bridging finance to prepare for a possible all-cash offer.
Comcast refused comment. Fox and Disney did not immediately respond to requests for comment.
Reuters and CNBC's David Faber contributed to this report.
Disclosure: Comcast is the owner of NBCUniversal, parent of CNBC and CNBC.com
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