Comcast May Soon Grow Even Larger With Fox Acquisitions

Comcast May Soon Grow Even Larger With Fox Acquisitions

Verizon, the biggest USA wireless carrier, has some interest in the same collection of holdings, two of the people said.

21st Century Fox surprisingly became a takeover target earlier this month when word first surfaced that Disney recently held talks with Fox about buying key assets including the film and TV production studios, worldwide TV platforms including Sky and Star India and the FX and National Geographic cable groups. "Acquisition of a movie studio and cable channels would be a departure for Verizon, which has focused its media deals around advertising technology and internet properties", the outlet adds.

It is unclear whether Fox's broadcast assets are part of any of the conversations.

Here's a snapshot of the company's trading week.

Fox shares jumped almost 8 percent in after-hours trading.

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Disney may be looking to buy most of 21st Century Fox, however, they're not the only party interested. Fox on Wednesday held its annual shareholders meeting on the 20th Century Fox lot in Century City but it's still not clear if Fox has convened a board meeting to discuss the incoming queries.

Selling the entertainment business would be a good deal for Fox, said MoffettNathanson analyst Michael Nathanson.

Neither Disney nor Comcast can buy the Fox broadcast TV network because they already own ABC and NBC, respectively.

While Disney's interest in taking over 21st Century Fox may lie in regaining rights to the X-Men and Fantastic Four, as well as adding to their catalog for their forthcoming streaming service, the other parties are said to be interested in the United Kingdom pay-TV company Sky - one of 21st Century Fox's many worldwide assets. Regulators have taken a tougher-than-expected stance on that deal and have yet to clear it.

Rupert Murdoch's 21st Century Fox is on the block, and that cable television conglomerate based in Philadelphia is interested, according to multiple reports.

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