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Comcast concedes to Disney in bidding war for Fox assets


Comcast Corp dropped its $66 billion bid for Twenty-First Century Fox Inc's entertainment assets on Thursday but said it would still try to expand its international footprint by acquiring 61 percent of European broadcaster Sky Plc , the remainder of which is owned by Fox. | Video


Sinclair 'did not fully disclose facts' on Tribune merger - FCC 7:46pm BST

WASHINGTON Sinclair Broadcast Group Inc "did not fully disclose facts" about aspects of its $3.9 billion acquisition of Tribune Media , the U.S. Federal Communications Commission said in an order released on Thursday that referred the issue to an administrative law judge for a hearing.


U.S. proposes expedited appeal in fight with AT&T over Time Warner purchase 18 Jul 2018

WASHINGTON The U.S. Justice Department has proposed an expedited schedule for an appeal of a judge's ruling that allowed AT&T Inc to buy movie and TV show maker Time Warner, according to a court filing on Wednesday.

Leading U.S. coding boot camps Galvanize, Hack Reactor to merge 4:56pm BST

SAN FRANCISCO Denver-based computer coding training school Galvanize is to acquire competitor Hack Reactor in a deal that brings together two of the largest privately held coding boot camps, the two companies told Reuters.

Canadian cannabis company Tilray soars in Nasdaq debut 6:58pm BST

TORONTO Private equity-backed Canadian medical marijuana company Tilray Inc rose more than 35 percent in its U.S. trading debut on Thursday after raising about $153 million in an initial public offering that was priced above the marketing range, indicating strong investor appetite.


Exclusive: Investment firms fight to inject cash in Brazil carrier Oi 18 Jul 2018

SAO PAULO Three distressed asset funds have sued for the right to participate in a 4 billion reais ($1 billion) capital increase for Brazilian telecom Oi SA as part of its in-court restructuring, four sources with knowledge of the matter told Reuters this week.


Saudi Aramco in talks to buy stake in world's no. 4 chemical firm 11:38am BST

DUBAI Saudi Aramco said on Thursday it is looking to buy a strategic stake in Saudi petrochemical maker SABIC , a move that could boost the state oil giant's market valuation ahead of a planned initial public offering.


Ethiopian Airlines says it is in talks for stake in Eritrean Airlines 2:39pm BST

ASMARA Ethiopian Airlines is in talks to take a stake in Eritrean Airlines and a study will be conducted to determine the size of the acquisition, the Ethiopian carrier's chief executive said in an interview on Thursday.


Innogy agrees with E.ON and RWE on planned transaction 6:56am BST

BERLIN Innogy said it has reached two legally binding agreements with E.ON and RWE for a fair integration process and supported its planned break-up, clearing the way for the complex deal to progress.

Asahi Kasei to buy U.S. Sage Automotive for $1.06 billion 7:21am BST

TOKYO Japan's Asahi Kasei Corp said on Thursday it would buy U.S. car interior maker Sage Automotive Interiors for $1.06 bln, including debt.