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Fox stock seen higher on rumours Comcast may return with new approach

Disney's takeover has yet to be completed, whereas the WSJ suggested Comcast may return with a new approach

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Comcast had pitched its previous approach at a premium to Disney

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.

Quick facts: 21st Century Fox

Price: 35.7 USD

NASDAQ:FOXA
Market: NASDAQ
Market Cap: $22.16 billion
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