Fox surges as AT&T’s court victory appears to give its Disney deal the green light — but a bidding war could be on the horizon (FOXA, DIS, CMCSA)
|06/13/2018||Posted by BusinessMediaguide.Com under General World News||
- A judge approved AT&T‘s $85.4 billion takeover of Time Warner on Tuesday, signaling that other deals could likely be approved as well.
- Disney, which wants to buy 21st Century Fox, sank in early trading as investors await a potential competing bid from Comcast
- Shares of Fox rose more than 7%, while Comcast sank about 3%
Shares of 21st Century Fox rose more than 7% in early trading Wednesday after a Federal judge ruled AT&T could buy Time Warner for $85.4 billion, largely seen as a positive sign for future mergers.
Disney, which has been mulling read more >>>