Twenty-First Century Fox Inc (NASDAQ:FOX) stock was moving higher in Monday’s premarket dealing as reports emerged suggesting that Comcast Corporation (NASDAQ:CMCSA) is considering a fresh takeover approach.
Comcast had been rejected in a previous tilt, even though the approach was pitched considerably higher than the rival The Walt Disney Co (NYSE:DIS) bid.
READ: Walt Disney confirms deal to buy most of 21st Century Fox's assets
The cable and communications group’s offer was at around the low US$60mln range, according to a Wall Street Journal report, whereas Disney’s bid was at US$52.4bn, but, was declined due to the potential for anti-trust complications.
The WSJ claimed that whilst the takeover by Disney is still to close, Comcast has not decided whether or not it will make a new approach.