21st Century Fox: CNBC's Faber reiterates that Comcast (CMCSA) is expected to bid for FOXA's assets later today; media stocks higher premarket (40.54)
FOXA previously agreed to sell non-core assets to Disney (DIS) for ~$52 bln in stock.
Premarket: CMCSA -4.4%, DIS -2%, FOXA +8%
Premarket: CMCSA -4.4%, DIS -2%, FOXA +8%
Other media stocks also higher as M&A expectations pick up following AT&T's successful bid for Time Warner (TWX): LGF.A +8.33% FOXA +8.29% CBS +4.41% DISCA +4.08