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Deals

Comcast concedes to Disney in bidding war for Fox assets

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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

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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.

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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.

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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.

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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.

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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.

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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.