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Comcast offers to buy Fox media assets for $65 billion in cash

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Comcast Corp on Wednesday offered $65 billion for the businesses Twenty-First Century Fox had already agreed to sell to Walt Disney Co a day after AT&T won approval to buy Time Warner.

Comcast confirmed last month that it was preparing a higher all-cash offer than Disney’s $52 billion all-stock deal for Fox’s media assets, but had been awaiting the outcome of the court hearing on the AT&T deal before bidding formally.

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Fox in December agreed to sell its film, television and international businesses to Disney.

Reporting by Arjun Panchadar in Bengaluru; Editing by Maju Samuel


Report typos and corrections to: [email protected].
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Trump’s radical attempt to sabotage auto emissions rules is even worse than you think

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President Trump's proposed drastic relaxation of future auto emissions standards has been widely blasted as a repeal of "the government's biggest effort to combat climate change." Careful readers have also noted that the Trump proposal would kill 300 Americans every year and cost every driver about $2,100 in higher costs by wasting about 80 billion gallons of gasoline.

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Trump official Peter Navarro sputters after his lack of medical qualifications exposed in train wreck CNN interview

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Trump trade adviser Peter Navarro over the weekend got into a heated argument with Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, over the use of anti-malarial drug hydroxychloroquine to treat COVID-19.

Navarro then went on CNN Monday to present his side of the dispute with Fauci, and he was quickly exposed by CNN's John Berman as being completely unqualified to be offering his opinion on medical matters.

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‘Unconscionable’: Trump administration turns a blind eye to price gouging amid the coronavirus pandemic

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The Federal Trade Commission, the federal agency created more than a century ago by President Woodrow Wilson, is supposed to protect consumers, but don’t expect the commission’s Republican majority to step in as our nation’s citizens are searching for hand sanitizer and face masks.

Sandeep Vaheesan, the legal director at the Open Markets Institute, said the FTC has been reluctant to act on complaints about price gouging.

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