Media Stocks Churned by Comcast’s Move to Outbid Disney for 21st Century Fox Assets

Comcast’s announcement of a $65 billion bid for 21st Century Fox entertainment assets — 19% higher than Disney’s offer — roiled media stocks anew in after-hours trading Wednesday. Fox shares rose as much as 1.6% after the market closed, after already shooting up 7.7% in regular trading Wednesday as investors anticipated a Comcast-Disney bidding war. […]...

4 Published By - Variety news - 2018.06.13. 22:12
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