(Reuters) – Twenty-First Century Fox Inc
The Fox board also recommended backing the deal but said that it was aware of Comcast Corp’s
Comcast said last week it was preparing a higher, all-cash offer for most of the media assets of Fox, but sources say it will only proceed if a federal judge next month allows AT&T Inc’s
The announcement of the special meeting date comes after the largest U.S. cable operator Comcast put pressure on Fox and its shareholders to not rush into approving the Disney deal by going public with its plans of a “superior” offer.
Disney in December offered stock then worth $52.4 billion to buy Fox’s film, television and international businesses to beef up its offering against streaming rivals Netflix Inc
A regulatory filing in April showed Comcast offered to buy most of Fox’s assets in an all-stock deal valued at $34.41 per share, or $64 billion last November, just before Disney’s offer was agreed upon.
(Reporting by Sonam Rai in Bengaluru; editing by Patrick Graham and Shounak Dasgupta)