Murdoch-owned media company’s share price shoots up after the news was first reported by CNBCCable and media giant Comcast has reportedly approached 21st Century Fox about a possible acquisition, a move that comes after Disney was also reported to be circling Rupert Murdoch’s media empire. It is unclear whether the cablecompany is exploring a purchase of all or part of Fox, which owns Hollywood studios 20th Century Fox and Fox Searchlight as well as the Fox news and sports channels. Disney’s approach to Fox reportedly involved the sale of its movie and TV studio and not its news and sports networks or the Fox broadcast network. Comcast is reportedly interested in the same assets that were discussed with Disney. Fox and Comcast both declined to comment.

Source: The Guardian November 16, 2017 23:33 UTC