Cable TV

Now, Comcast in talks to buy 21st Century Fox

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According to several reports, 21st Century Fox is on the block and Philadelphia-based cable TV conglomerate Comcast is interested. Comcast has approached Fox about acquiring most of the company. Reportedly, Verizon, the biggest wireless carrier in the US, has also thrown its hat into the ring. Earlier in the month, Disney was also in talks with the Rupert Murdoch company for a possible acquisition.

Comcast and Verizon have inquired about Fox's movie and television studios, entertainment cable networks and international businesses. Comcast, which owns NBC Universal, would achieve global reach if it acquires Murdoch’s stake Star and Sky among other 21st Century Fox properties.

A deal between Comcast and Fox could radically change the media landscape, consolidating some of the biggest entertainment properties in the world.

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