Edition:
United Kingdom

Technology, Media & Telecommunications Headlines

Comcast prepares to top Disney's $50 billion offer for Fox

Comcast Corp confirmed on Wednesday it was preparing a higher, all-cash offer for most of the media assets of Twenty-First Century Fox , setting up a bidding war with rival Walt Disney Co , which already has agreed to a $52-billion deal with Fox.

Iliad founder Niel transfers most of his shares to holding firm

French telecoms entrepreneur Xavier Niel, the founder of Iliad , has transferred almost all of his stake in the French telecom group to a holding company he controls called HoldCo. Niel still holds 52.21 percent of the capital and 50.96 percent of the voting rights of Iliad but only 1.05 percent of the capital directly, the French markets regulator said on Wednesday.