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Fox, Blackstone may team up for Tribune bid

Move would potentially forestall a rival bid for Tribune

Michael J De La Merced & Emily Steel 

21st Century Fox is in talks with Blackstone Group, the giant investment firm, to make an offer for Tribune Media and its stable of television stations, people briefed on the negotiations said on Sunday night, a move that would potentially forestall a rival bid for Tribune. The move by Fox and Blackstone is aimed at not only bolstering Fox’s television portfolio but also beating an offer by Sinclair Broadcast Group, the country’s biggest station operator, ahead of a bidding deadline this week. The people briefed on the talks spoke on condition of anonymity because negotiations ...

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First Published: Tue, May 02 2017. 01:00 IST