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Comcast,Verizon plan to buy some assets of Murdoch's Fox: Sources

Comcast, Verizon approached Twenty-First Century Fox to buy some assets - sources


Comcast Corp and Verizon Communications Inc have both expressed interest in acquiring a significant part of Rupert Murdoch's Twenty-First Century Fox Inc's assets, two people familiar with the situation told Reuters on Thursday. News of competing interest in some of Murdoch's assets broke even though the US Justice Department was preparing a lawsuit to block AT&T Inc, the largest pay-TV provider in the United States, from buying Time Warner Inc for $85.4 billion, according to a source. This raised questions about the US government's willingness to allow large media ...

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First Published: Fri, November 17 2017. 09:58 IST