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Sky’s the limit as Fox set for break-up bids

Sullivan Stapleton and Jaimie Alexander star in Blindspot, the popular action thriller, which has just started its third series on Sky Living
Sullivan Stapleton and Jaimie Alexander star in Blindspot, the popular action thriller, which has just started its third series on Sky Living

The prospect of a bidding war for 21st Century Fox’s prized television, film and distribution businesses has increased as the company holds acquisition talks with some of the titans of the media and telecommunications industry.

The suitors are Comcast, America’s largest cable company, Verizon, its biggest mobile network operator, and Sony, a big player in the American television, film and music businesses. Their identities emerged late on Thursday night after Walt Disney, the media and theme parks giant, was found to have walked away from talks last week.

Shares in 21st Century Fox jumped by 6.2 per cent to close at $31.15 in New York last night as shares in Comcast slipped 2.5 per cent to $36.16. Verizon shares were up 1.5 per cent at…

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