Fox Reveals That Comcast Made Higher Bid Before Disney Deal

Comcast Corp. offered 21st Century Fox Inc. at least 16 percent more for a chunk of its assets than Walt Disney Co., though regulatory concerns ultimately led controlling stockholder Rupert Murdoch to accept the lower bid. In a joint filing Wednesday with Disney in connection with their $52.4 billion deal, Murdoch’s 21st Century Fox described monthslong talks with a media group described as Party B but widely known to be Comcast. The filing said Party B offered Murdoch $34.41 a share for much of its entertainment portfolio.