Comcast and Fox are having closed-door talks about a potential acquisition

by Sophie Craig November 20, 2017, 1:56
Comcast and Fox are having closed-door talks about a potential acquisition

At this time it is unsure if they are looking at selling off cable networks like FX but it is reported that FOX would keep its Fox Broadcasting Co and ownership of their FOX local affiliates.

Buyers have expressed interest in Fox's production studios, cable networks FX and National Geographic, and worldwide assets such as the Star network in India and Sky Plc, sources told Reuters on Thursday.

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

Verizon Communications (VZ) has also approached Fox about some assets, but talks do not seem as serious as those involving Disney or Comcast, say reports.

Comcast and Verizon declined comment. Shares of Viacom Inc and CBS Corp also rose more than 2 percent, a sign investors may see then as potential targets. 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.

Mel Tillis, country music star known as 'Stutterin' Boy,' dead at 85
Country music legend and Florida native Mel Tillis passed away on Sunday morning, according to his publicist. He had six children, including daughter Pam Tillis who became a country music star in her own right.

Also, any acquisition of Fox assets by a fellow media giant would not include Fox News or Fox Sports due to antitrust issues. "Maybe, just maybe, the company is acknowledging that the outlook for film has changed from an ok business to a bad business for everyone not owning a massive stable of global franchises", he wrote in a note last week.

Comcast ( CMCSA ) faces a tough regulatory climate if it acquires a sizable part of 21st Century Fox Entertainment ( FOXA ), based on the trouble AT&T ( T ) has had in winning approval for its Time Warner ( TWX ) acquisition, says an analyst.

US cable and telecom companies have been buying up media assets and launching advertising businesses in the past several years.

Last month, the regulators said they would assess Rupert Murdoch's influence on the country's political landscape as part of their investigation.


TOP News

Trump sarcastically responds to Kim Jong Un insults
Secretary of State Rex Tillerson said Friday that he can envision the U.S. and North Korea agreeing to hold talks at some point as a precursor to formal negotiations.

South Africa loses bid to host 2023 Rugby World Cup to France
They led after the first round by receiving 18 votes to South Africa's 13, with Ireland eliminated after receiving eight. Football has been mired in scandal over the staging of its World Cup .

Gadot's ultimatum for Wonder Woman franchise
Well if she wasn't already a hero on the screen, Gal Gadot appears to be using her superpowers for good in real life. Today, however, Warner Bros .is denying that Gadot made that kind of an ultimatum.

ME unemployment dips to 3.5% in October
Bureau of Labor Statistics also released preliminary estimates on Thursday showing the state gained 4,800 jobs in October. The report says Nebraska non-farm employment in October was up 10,379 over the year and up 1,624 over the month.

OnePlus 5T and all about it in pictures
However, if we take the prices of these smartphones into consideration too , the OnePlus 5T is definitely the flagship killer. If you are among those who spends most of his time outside, this is one area where the OnePlus 5T could prove a better buy.

Disneyland shuts down water coolers following DEADLY disease outbreak
It typically strikes the elderly and people with compromised immune systems, and can be fatal, according to the Mayo Clinic . The towers are in a backstage area near the New Orleans Square Train Station, a Disneyland Resort spokesperson said.

Katy Perry banned from China 'indefinitely' days before Victoria's Secret Fashion Show
Last year, Angel Elsa Hosk notably wore a dragon on the runway, which many thought turned Chinese culture into a literal costume. The Victoria's Secret Fashion Show takes place on November 28, 2017.

ATC to acquire tower businesses of Idea, Vodafone for $1.2 bn
Vodafone and Idea have a combined portfolio of around 20,000 towers with a combined tenancy ratio of 1.65x as at 30 June 2017. Idea would get 40 billion rupees from the deal, while Vodafone will get the remainder, the company said.

Alibaba's Singles' Day is retail gold
More than 90 percent of Alipay orders were placed via mobile, the majority on Alibaba's main e-commerce platform Taobao.com. This year, the company will spread its sales to physical buildings, with 10% of China's convenience stores participating.

'The Partridge Family' actor David Cassidy hospitalised
Earlier this year, Cassidy revealed that he was battling dementia and could no longer perform following a concert in California. David Cassidy is in the hospital in critical condition with organ failure, the star's family friend and publicist confirmed.