Comcast Is Said to Approach Fox to Acquire TV, Film Assets
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Comcast has expressed interest in acquiring a big portion of 21st Century Fox’s film and TV assets, swooping in after talks with Walt Disney cooled, according to people familiar with the matter.
Comcast, the owner of TV networks such as NBC and the movie studio Universal Pictures, approached the Rupert Murdoch-controlled media group about the assets, said the people, who asked not to be identified discussing private information. Fox shares surged 5.2 percent in late trading after CNBC and the Wall Street Journal reported the news earlier.
Disney had sought a stake in European satellite carrier Sky Plc, the National Geographic, FX and Star India cable networks, and the 20th Century Fox film and TV studio, people familiar with the matter said earlier. Comcast would also be interested in Fox’s regional sports networks, one of the people said Thursday. Fox would be left with its assets including its cable news outlets and broadcast channel, including local stations.
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