Rupert Murdoch’s 21st Century Fox is reportedly in talks with private equity firm, Blackstone, to launch a joint takeover bid for Tribune Media.
The takeover bid for one of the largest television operators in the US would see Blackstone provide funds and 21st Century Fox would provide TV stations.
According to reports in the Guardian, Fox and Blackstone will submit the bids on Thursday (4 May) and will hope to trump a rival bid from Sinclair Broadcasting, the largest owner of US television stations.
Murdoch’s interest in Tribune Media is partially intended to prevent Sinclair from buying the company Read full story ›
Source: The Drum
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