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

Reuters 

(Reuters) - Twenty First Century Fox Inc's shares rose 8 percent on Wednesday as an 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.Comcast's proposal, widely expected later in the day, will 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, clearing the path for more such deals in a rapidly changing media industry.Shares of other telecom and media companies such as Sprint Corp, CBS Corp and ...

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First Published: Wed, June 13 2018. 18:58 IST
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