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)
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- 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 a $52 billion bid for Fox’s production assets, excluding the Fox News and Fox Business Network channels, fell about 1.85% ahead of Wednesday’s opening bell.See the rest of the story at Business Insider
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