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Fox, media firms rise after AT&T-Time Warner approval

Reuters 

(Reuters) - Twenty First Century Fox Inc's shares rose 8 percent to a record-high on Wednesday as approval for AT&T's buyout of Time Warner Inc spurred speculation that Comcast Corp would proceed with an offer for most of the media company's assets.A firm offer from Comcast, widely expected later in the day, could upend Fox's $52 billion all-stock deal to be bought by Walt Disney.A federal judge on Tuesday approved AT&T Inc's $85 billion buyout of Time Warner, rebuffing an attempt by U.S. President Donald Trump to block the takeover and potentially clearing the path for more such deals in a ...

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First Published: Wed, June 13 2018. 21:24 IST
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