Along with mergers in other sectors like healthcare, most eyes are on media deals that are closer to the action. Comcast is likely to launch a formal competing cash bid of around $60B for the media assets of Twenty-First Century Fox as soon as tomorrow, setting up a wrestling match with Disney for the prized content. After hours: CMCSA -4%; FOX +6.5%, FOXA +6.9%; DIS -1.5%.
Comcast also is in pursuit of Sky (OTCQX:SKYAY), also being sought by part-owner Fox as well as Disney (depending on how/when Disney's deal for Fox shakes out).
Sprint and T-Mobile are likely celebrating, since a rejection of the vertical combo of AT&T/Time Warner would have put a massive chill on their proposed horizontal tie-up. After hours: S +3.4%, TMUS +1.6%.
CBS -- currently locked in an internal struggle over directives to look at re-merging with Viacom -- could re-evaluate its position, as could Viacom. In late trading, CBS +4.6%; VIA +5.1%, VIAB +4.3%.
Discovery (NASDAQ:DISCA), another likely merger candidate, is up 3.7% in late trading.
Sinclair Broadcast Group (NASDAQ:SBGI) and Tribune Media (NYSE:TRCO) will press for government approval of their merger, which had previously run afoul of broadcast station ownership concentration rules. SBGI +1.5%; TRCO +1.4%.
And Netflix (NASDAQ:NFLX), potentially facing a new streaming world with other companies marshaling resources to fight its dominance, is off 0.9% postmarket.
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