Comcast, Twenty-First Century Fox and Disney are in motion

FILE - This Aug. 1, 2017, file photo shows the Twenty-First Century Fox sign outside of the News Corporation headquarters building in New York. The potential for another media megadeal are sending shares of Comcast, Twenty-First Century Fox and Disney into motion before the opening bell. After a judge cleared AT&T's $85 billion takeover of Time Warner on Tuesday, June 12, 2018, many now expect Comcast to top Disney’s pending $52.4 billion stock offer for the entertainment assets of Twenty-First Century Fox, possibly as early as Wednesday. (AP Photo/Richard Drew, File)
FILE - This March 29, 2017, file photo shows a sign outside the Comcast Center in Philadelphia. The potential for another media megadeal are sending shares of Comcast, Twenty-First Century Fox and Disney into motion before the opening bell. After a judge cleared AT&T's $85 billion takeover of Time Warner on Tuesday, June 12, 2018, many now expect Comcast to top Disney’s pending $52.4 billion stock offer for the entertainment assets of Twenty-First Century Fox, possibly as early as Wednesday. (AP Photo/Matt Rourke, File)
FILE - In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. The potential for another media megadeal are sending shares of Comcast, Twenty-First Century Fox and Disney into motion before the opening bell. After a judge cleared AT&T's $85 billion takeover of Time Warner on Tuesday, June 12, 2018, many now expect Comcast to top Disney’s pending $52.4 billion stock offer for the entertainment assets of Twenty-First Century Fox, possibly as early as Wednesday. (AP Photo/Richard Drew, File)

NEW YORK — A federal court ruling this week has sent shares of Comcast, Twenty-First Century Fox and Disney into motion, with major media companies potentially on the brink of a bidding war.

Following a Tuesday ruling that cleared the way for AT&T's $85 billion takeover of Time Warner, almost everyone expects Comcast to make a move for entertainment assets belonging to Twenty-First Century Fox, including the studios behind the "Avatar" movies, "The Simpsons" and "Modern Family."

If that happens Wednesday, as many anticipate, it could come at a cost for Disney, which has already offered $52.4 billion in stock for those assets.

Shares of Twenty-First Century Fox are jumping 9 percent in premarket trading. Shares of Comcast and Disney moved in the other direction, down 3.5 percent and nearly 2 percent, respectively.

Must Read

Text of the apology from US swimmer Ryan Lochte

Aug 19, 2016

Text of the apology US swimmer Ryan Lochte posted to his Instagram account

Garland tells law students that careers can be unpredictable

Aug 26, 2016

Supreme Court nominee Merrick Garland told entering Harvard Law School students on Friday that they...

Navy gets $2.7B attack submarine sponsored by Michelle Obama

Aug 27, 2016

A Connecticut company has delivered to the U.S. Navy an attack submarine that is sponsored by first...

Mylan launching cheaper, generic version of EpiPen

Aug 29, 2016

The maker of EpiPens will start selling a cheaper, generic version of the emergency allergy shots...

European ships rescue thousands of migrants off Libyan coast

Aug 29, 2016

Italian naval ships along with vessels from non-government groups rescue thousands of migrants off...

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH