Finance Comcast is reportedly interested in buying 21st Century Fox (CMCSA, FOXA)

Comcast approached 21st Century Fox to buy some of its assets, CNBC and The Wall Street Journal reported on Thursday.
Disney earlier approached 21st Century Fox to discuss a purchase of its movie and TV studio and some cable networks, according to reports last week.
21st Century Fox shares gained 6% after-hours on the news.
Comcast has approached 21st Century Fox to buy at least part of the company, CNBC and The Wall Street Journal reported on Thursday.The news comes just over a week after CNBC reported that Disney was recently in talks to buy most of 21st Century Fox. A deal with Disney would have trimmed 21st Century Fox's assets into a more focused slate of news and sports networks to better compete in a changing media landscape, the report said.

The acquisition would have excluded Fox News because Disney cannot own two broadcast networks. Disney bought ABC in 1996. 21st Century Fox would reportedly have kept its sports channels to avoid the regulatory scrutiny that would come with a tie-up with ESPN.

Disney was reportedly interested in buying Fox assets including its studio division, partial ownership of the UK telecoms company Sky, and networks such as National Geographic and FX.21st Century Fox shares jumped 6% in after-hours trading on the news, while Comcast rose 1%.

Finance Comcast is reportedly interested in buying 21st Century Fox (CMCSA, FOXA) Finance
Comcast is reportedly interested in buying 21st Century Fox (CMCSA, FOXA) Reviewed by Unknown on November 16, 2017 Rating: 5

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