Murdoch would be deeply enriched either way-while still retaining Fox News, the Fox television network and other non-scripted assets he is believed to prefer. Comcast's offer is about 19 percent higher than what Disney offered late previous year.
In the UK, Disney and Comcast are now battling to take over Sky plc, the owner of Sky News. The Walt Disney Company is also looking to make an offer on the company.
In response, Fox said it would "carefully review" Comcast's unsolicited proposal.
Bottom line: if the Fox-Disney merger is approved, YES Network will be owned by the same company which owns the ESPN empire.
As part of the deal, Disney pledged to seek full ownership of Sky. Comcast said last month that its new offer would be at least as favorable to Fox shareholders as Disney's terms.
The showdown over Fox is happening as the growth of online streaming and competitors such as Netflix reshape the entertainment industry.
They are fighting over Fox's television and film studios, as well as global properties, including Star India and Sky. Marvel would get back the characters previously licensed to Fox, reuniting X-Men with the Avengers.
The largest cable-television provider in the United States, Comcast owns NBC and Universal Pictures, among other properties. As reported by CNBC, the global telecommunications conglomerate was willing to offer $60B in cash for the Rupert Murdoch-founded company.
The merger agreement will have no conditions imposed on it by the court.
Fox previously rejected an offer from Comcast, reportedly because it was concerned about getting regulatory approval.
The firm's promises include a $2.5bn fee for Fox if it decides against the takeover.
"There should not be any meaningful difference in the timing of the United States antitrust review between a Comcast and Disney transaction", Roberts said.
Makan Delrahim, the Justice Department's top antitrust official, said the government was disappointed in the ruling and would "consider next steps".
The tie-up with Disney would also carry a lower tax bill.
AT&T's Advertising and Analytics group, which the company has been assembling since it hired GroupM's Brian Lesser last August, is built on a three-legged stool of data, distribution and content, but it hasn't actually had the content in place to support the product.
But the decision is also expected to have significant ripple effects, as it likely will make the government less likely to challenge some other pending deals.