Comcast and Fox are having closed-door talks about a potential acquisition


Comcast Corp. is looking to buy 21st Century Fox's assets, The Wall Street Journal reports. Coverage of the potential deal gave 21st Century Fox shares a 7 percent boost in after-hours trading and gave Comcast a smaller 1 percent bump.
Comcast apparently wants to purchase some of Fox's American networks as well as international assets, including Star India and a minority stake in the European broadcaster Sky. International assets account for about 70 percent of the financial stakes in the deal. The telecommunications conglomerate may also be looking to buy Fox's movie studio, cable network, and regional sports network, CNBC reports.
Leaked deal talks come as a surprise to many analysts. Until November, Fox, owned by the Murdoch family, seemed eager to grow, angling to acquire control of Sky itself. But on Nov. 6, CNBC broke the news that Disney and Fox had held preliminary talks about Disney buying Fox's movie studio and Hulu, though those discussions have apparently simmered down. Verizon and Sony might also be throwing their hats into the ring alongside Comcast.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Elianna Spitzer is a rising junior at Brandeis University, majoring in Politics and American Studies. She is also a news editor and writer at The Brandeis Hoot. When she is not covering campus news, Elianna can be found arguing legal cases with her mock trial team.q
-
August 2 editorial cartoons
Cartoons Saturday’s political cartoons include a tariff self-own, rough times at the Trump golf course, and more
-
5 inexcusably hilarious cartoons about Ghislaine Maxwell angling for a pardon
Cartoons Artists take on the circle of life, Ghislaine's Island, and more
-
Ozzy Osbourne obituary: heavy metal wildman and lovable reality TV dad
In the Spotlight For Osbourne, metal was 'not the music of hell but rather the music of Earth, not a fantasy but a survival guide'
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
FCC greenlights $8B Paramount-Skydance merger
Speed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement