Comcast, Twenty-First Century Fox and Disney are in motion

NEW YORK — A federal court ruling this week has sent shares of Comcast, Twenty-First Century Fox and Disney into motion, with major media companies potentially on the brink of a bidding war.

Following a Tuesday ruling that cleared the way for AT&T's $85 billion takeover of Time Warner, almost everyone expects Comcast to make a move for entertainment assets belonging to Twenty-First Century Fox, including the studios behind the "Avatar" movies, "The Simpsons" and "Modern Family."

If that happens Wednesday, as many anticipate, it could come at a cost for Disney, which has already offered $52.4 billion in stock for those assets.

Shares of Twenty-First Century Fox are jumping 9 percent in premarket trading. Shares of Comcast and Disney moved in the other direction, down 3.5 percent and nearly 2 percent, respectively.

Related News

Rugby couple put respect in front and center in Olympics

Aug 10, 2016

Isadora Cerullo has become a celebrity around Rio, more for what happened on the sidelines of the Olympic rugby stadium than for her performances on the pitch

Teenager who scaled Trump Tower had past problems at home

Aug 11, 2016

A Virginia teenager who climbed partway up Trump Tower in New York City had a history of problems at home

Asian shares climb, tracking gains in US stocks, oil prices

Aug 12, 2016

Asian shares rose Friday, tracking the rally in U.S. stocks that was driven by strong gains by energy companies and retailers

Search

Deck Biz is an intelligent platform providing international and regional business news updates. You won’t get these insights elsewhere other than Deck Biz.

Contact us: sales@deckbiz.com