CORRECTED: Twenty-First Century Fox seen as big winner in AT&T ruling
Twenty-First Century Fox, Inc. (FOXA) is up 7.4% Wednesday morning. The stock is moving higher following yesterday’s ruling that AT&T (T) could move ahead with its acquisition of Time Warner Inc. (TWX). The ruling opens the door for additional mergers in the sector, and analysts expect a fight between Disney (DIS) and Comcast (CMCSA) for Twenty-First Century Fox, Inc. (FOXA).
Twenty-First Century Fox, Inc. (FOXA) is a diversified media company.
Sprint Corporation (S) and Time Warner Inc. (TWX) top the list of other companies with positive news today, while H&R Block, Inc. (HRB) and Boston Scientific Corporation (BSX) top the list of companies with negative news.
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About Twenty-First Century Fox Inc.
Fox Corp represents the assets not sold to Disney by the processor firm, Twenty First Century Fox. The remaining assets include Fox News, the FOX broadcast network, FS1 and FS2, Fox Business, Big Ten Network, 28 owned and operated local television stations of which 17 are affiliated with the Fox Network, and the Fox Studios lot. The Murdoch family continues to control the successor firm, which represents a large-scale bet on the value of live sports and news in the U.S. market.