Fox Jumps on Report of Comcast Asset-purchase Interest

11/16/17

By Jason Aycock, SeekingAlpha

Shares in Twenty-First Century Fox are jumping postmarket -- FOX +5.9%, FOXA +5.7% -- as CNBC reports Comcast (NASDAQ:CMCSA) has made an approach to buy major assets.

Those assets are the same ones that Disney (NYSE:DIS) reportedly sought in talks, according to the report.

That would suggest that Fox would shrink its focus toward the broadcast network (Comcast already owns NBC and couldn't run two) and news/sports, while NBCUniversal would add film studio and TV production assets.

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