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Fox says no plans to bid for regional sports networks Disney may sell

Fox Chairman Lachlan Murdoch said in November it was still an "open question" whether the company will buy back the regional sports networks it sold to Disney in July as part of the $71 billion deal

Vibhuti Sharma | Reuters 

FILE PHOTO: The 21st Century Fox logo is seen outside the News Corporation headquarters in Manhattan, New York
FILE PHOTO: The 21st Century Fox logo is seen outside the News Corporation headquarters in Manhattan, New York

Twenty-First Century said on Friday it does not plan to bid for any of the regional sports networks that Co may need to sell to win U.S. Justice Department's approval for its purchase of Fox's film and TV assets.

Chairman said in November it was still an "open question" whether the company will buy back the regional sports networks it sold to in July as part of the $71 billion deal.

won a bidding war last year against cable company to acquire Fox's assets. But the has said Disney, which owns ESPN, must divest Fox's 22 networks that provide sports programming for regional and local markets.

After the Disney sale is completed, will carve out a new company, including Fox News, Business, Sports and the which it expects to have annual revenue of around $10 billion.

First Published: Fri, January 11 2019. 19:37 IST
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