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

Italy, German, French eye beefed up EU defense after attacks

Aug 22, 2016

The leaders of Italy, France and Germany vowed Monday to improve European-wide security efforts in...

Speedo USA, 3 other sponsors drop Lochte after Rio incident

Aug 22, 2016

Ryan Lochte loses four major sponsors over a drunken incident during the Rio Olympics that he...

Image of Asia: Floodwaters cover low-lying land in Allahabad

Aug 23, 2016

Image of Asia: Floodwaters cover low-lying areas of Allahabad, India

How to get ready for your VW payout

Aug 25, 2016

VW's proposed settlement in the wake of its diesel scandal is complicated but owners can get an...

Russia downplays conflict with US over Syria weapons report

Aug 25, 2016

Russia's UN ambassador said Thursday there doesn't have to be a confrontation with the United...

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