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Fox shares pop ahead of expected Comcast bid

Reuters 

(Reuters) - Twenty-First Century Fox Inc's shares hit a record high on Wednesday as approval for AT&T Inc's $85 billion buyout of Time Warner Inc spurred speculation that Comcast Corp would make an offer for most of Fox'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 Co . U.S. District Judge Richard Leon on Tuesday approved AT&T's 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 rapidly ...

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First Published: Thu, June 14 2018. 00:26 IST
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