A source familiar with the discussions said Comcast, Verizon and Sony are among the suitors in "preliminary" talks for the assets, which include Fox's stake in the British pay TV group Sky and its movie and television studio properties. Fox shares rallied more than six percent to end at $31.15, the highest level since April. Last week, unconfirmed reports said Fox rival Disney held similar talks without any agreement on asset sales. Another invitation to talks has come from Japanese electronics and media conglomerate Sony, according to the source. At the same time, US telecom and pay TV giant AT&T is seeking to close its planned $85 billion deal for media-entertainment group Time Warner amid concerns of a US antitrust lawsuit.

Source: The Nation Bangkok November 17, 2017 21:33 UTC