Make Kitco Your Homepage

Fox says no plans to bid for sports networks Disney may sell

Kitco News

(Reuters) - Twenty-First Century Fox (FOXA.O) said here on Friday it does not plan to bid for any of the regional sports networks that Walt Disney Co (DIS.N) may sell to win U.S. Justice Department's approval for its purchase of Fox's film and TV assets.

Fox Chairman Lachlan Murdoch said in November it was still an “open question” whether the company will buy back the regional sports networks it sold to entertainment company Walt Disney Co (DIS.N) in July as part of the $71 billion deal.

Reporting by Vibhuti Sharma in Bengaluru; Editing by Saumyadeb Chakrabarty

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.