Sunday, 17 December, 2017

Comcast, Verizon have eye on Fox assets

Rupert Murdoch Comcast wants to buy 'most of' Fox, report says
Theodore Harris | 20 November, 2017, 01:54

Walt Disney ( DIS ) also has reportedly been in talks to buy parts of Fox, including its movie and TV studio as well as some cable TV channels.

The conversations are at a very early stage, and there's no guarantee that a deal would be finalized, this person said Thursday.

Almost two weeks after reports surfaced of Walt Disney Co. interest in buying assets of 21st Century Fox, CNBC and other news outlets are reporting new bidders have surfaced to express interest including Comcast, Verizon and Sony.

The suitors are Comcast, America's largest cable company, Verizon, its biggest mobile network operator, and Sony, a big player in the American television, film and music businesses.

Disney was in talks to buy Fox's movie and TV production studios, cable networks FX and National Geographic and global assets such as the Star network in India and European pay TV provider Sky Plc, CNBC reported last week.

Comcast wants to buy 'most of' Fox, report says

Fox shares rallied more than six percent to end at $31.15, the highest level since April. 21st Century Fox was carved out as a separate entity from News Corp.in 2013 amid a scandal involving the United Kingdom newspaper division and concerns that the financial challenges of the publishing businesses were dragging down the value of Fox media and entertainment assets. Fox would be left with its assets including its cable news outlets and broadcast channel, including local stations. Comcast and Verizon are said to be interested in acquiring Fox as well.

Shares of other media companies which could be dragged into a round of consolidation of USA film and TV production and distribution were largely unchanged. A person close to the matter, who wouldn't speak publicly, said Verizon is not in active discussions with Fox, but that Verizon might be interested in some parts of Fox's business.

Last year, AT&T agreed to buy Time Warner, the owner of the Warner Bros. movie studio and networks including CNN and HBO, for $85 billion.

Comcast owns NBCUniversal, and regulatory conditions placed on that deal expire in 2018.

More news: Congress Working Committee meeting to be held at 10 Janpath on Monday
More news: IT raids at Jayalalithaa's residence divides AIADMK
More news: 'Operation Raging Bull' results in 267 MS-13 arrests

Recommended

Grigor Dimitrov edges out David Goffin in Tour Finals thriller Grigor Dimitrov edges out David Goffin in Tour Finals thriller Bulgarian on the way to the semi-final was served 2 aces, made 1 double fault, made 18 winnershow and made 11 unforced errors. Sock began to offload on his seismic forehand though and roared back to snatch the opening set.

In Post-Weinstein Era, Trump Sexual Assault Accusers Await His Downfall In Post-Weinstein Era, Trump Sexual Assault Accusers Await His Downfall Ted Cruz speaks out over the double standard Democrats have used when assessing sexual misconduct allegations waged against Dem. The resolution was tweeted by Collier Tynes, former chief of staff to ex-Alabama First Lady Dianne Bentley.

Rain to make for cold, wet weekend Rain to make for cold, wet weekend Thanksgiving Day itself also looks dry and pleasant, although temperatures and winds will vary day-to-day as the week progresses. Northwest Montana has a good chance of waking up with freezing fog, while the rest will see a sunny, cold start.

President Donald Trump challenges Hillary Clinton to run again for 2020 elections Pointing to what she called "voter suppression" in Wisconsin, Clinton said, "It seems likely that it cost me the election". Hillary Clinton is interviewed at the Cheltenham Literature Festival on October 15, 2017 in Cheltenham, England.

CBS's Major Garrett: Why hasn't Trump sued his sexual misconduct accusers? CBS's Major Garrett: Why hasn't Trump sued his sexual misconduct accusers? President Donald Trump , who faced a long string of sexual harassment allegations during the 2016 election, swiftly denounced Sen. Tweeden said on Thursday that she accepted Franken's apology and does not believe he should resign over the incident .