Disney is expected to add cash to its bid for Twenty-First Century Fox assets, sources tell CNBC.

The move comes days after CNBC parent Comcast launched a $65 billion cash bid for the assets, which include Fox’s movie studios, networks National Geographic and FX, Star TV, stakes in Sky, Endemol Shine Group and Hulu as well as regional sports networks. Comcast’s bid was a 19 percent premium to Disney’s offer.

Earlier, Disney reached an agreement with Fox to buy the assets for $52.4 billion in stock, and that bid has gained in value to about $55.5 billion.CNBC has reported the company was willing to add cash if needed to win the bidding.

Fox’s board meets Wednesday to discuss Comcast’s bid, and would engage in talks if it deems the offer superior. If that happens, Disney has five days to match Comcast’s offer.

Disney shares are down 2.11 in premarket trading, Comcast is down 0.8 percent and Fox is down 0.6 percent.

Source: Tech CNBC
Disney is expected to add cash to its bid for Twenty-First Century Fox assets: Sources