Fox Shares Pop Ahead Of Expected Comcast Bid

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– Twenty-First Century Fox Inc’s shares hit a record high on Wednesday as approval for AT&T Inc’s $85 billion buyout of Time Warner Inc spurred speculation that Comcast Corp would make an offer for most of Fox’s assets.

A firm offer from Comcast, widely expected later in the day, could upend Fox’s $52 billion all-stock deal to be bought by Walt Disney Co.

U.S. District Judge Richard Leon on Tuesday approved AT&T’s buyout of Time Warner, rebuffing an attempt by U.S. President Donald Trump to block the takeover and potentially clearing the path for more such deals in a rapidly changing media industry.




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