© Reuters. FILE PHOTO: The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan borough of New York City, New York© Reuters. FILE PHOTO: The 21st Century Fox logo is displayed outside the News Corporation building in the Manhattan borough of New York City, New York

(Reuters) – Walt Disney Co (N:DIS) said on Thursday it was willing to divest Twenty-First Century Fox Inc (O:FOXA) assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization (EBITDA) to get a regulatory nod for the deal.

Disney in a regulatory filing said it was willing to divest the assets, potentially including regional sports networks. The media conglomerate had previously planned to divest Fox assets that generated $500 million in EBITDA.

Fox has been in the middle of a bidding war between Disney and Comcast Corp (O:CMCSA), with Disney on Wednesday raising its bid for the bulk of Fox’s film and television assets to $71.3 billion. Comcast is likely to further raise its offer.

Disney and Comcast want to add to their own entertainment businesses with Fox’s well-known TV shows and movie franchises, like the “X-Men” superheroes and “The Simpsons,” to better compete with fast-growing digital rivals Netflix Inc (O:NFLX) and Amazon.com Inc (O:AMZN).

Disney Chief Executive Officer Bob Iger, who has been working with regulators around the world for the past six months, has downplayed antitrust concerns related to the deal.

sponsoredArticle = ‘div-gpt-ad-1466339494851-0’;