21st Century Fox stock soared Wednesday, climbing 7% to an all-time high — around $43.50 a share in midday trading — as Wall Street roots for a bidding war over key Fox assets. The higher trading was sparked by speculation that Comcast was preparing to offer Rupert Murdoch’s company at least $60 billion or more for the assets that are up for grabs, including FX, National Geographic, regional sports networks and Fox’s prolific movie and TV studios.

Source: Los Angeles Times June 23, 2024 22:22 UTC