June 21, 2018

Sony enters early talks to acquire 20th Century Fox

20 November 2017, 01:57 | Clyde Nash

Sony enters early talks to acquire 20th Century Fox

Comcast wants to buy 'most of' Fox, report says

Disney made headlines when it was revealed that they were in negotiations to buy most of 20th Century Fox's assets, particularly the entertainment side of things. Verizon, according to a report Thursday night by Dow Jones, has also signaled its interest. Those would include European broadcaster Sky and Star India, the National Geographic and FX cable channels and the company's film studio. The NBCUniversal parent is also eyeing Fox's movie studio, cable networks and its regional sports network. The hive of activity around Fox is fueling a new round of M&A speculation for other media assets, including Viacom's Paramount Pictures and its cable networks. The rise of online competitors like Netflix and YouTube has slowed the growth of pay-TV, and Comcast, the biggest US cable provider, has been adding film and TV assets to ensure it has a hand in both programming and distribution. Fox owns 39 percent of Sky and wants to buy the rest of it, but it has run into problems with United Kingdom regulators, in part over concerns about the sexual harassment scandals at Fox News.

Comcast ( CMCSA ) faces a tough regulatory climate if it acquires a sizable part of 21st Century Fox Entertainment ( FOXA ), based on the trouble AT&T ( T ) has had in winning approval for its Time Warner ( TWX ) acquisition, says an analyst.

News of the approaches came the same day the U.S. Federal Communications Commission voted to end a 42-year-old restriction on ownership of multiple TV stations in a major market, removing a major roadblock to media company mergers.

Donald Trump: LiAngelo Ball, UCLA Players Should Say Thank You
The trio remains in China , even as the rest of the UCLA men's basketball team traveled back to the United States on Saturday. His brother, Lonzo, plays for the Los Angeles Lakers and his younger brother LaMelo is a top high school prospect.

During the Fox earnings call last week, co-executive chairman Lachlan Murdoch declined to comment on reports, citing the company's "longstanding policy of not commenting on speculation" about corporate dealings.

Last month, the regulators said they would assess Rupert Murdoch's influence on the country's political landscape as part of their investigation. The company has previously focused on building its business, and even offered to buy Time Warner in 2014.

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