Rupert Murdoch’s 21st Century Fox and private equity firm Blackstone Group are in talks to form a joint bid to buy Tribune Media Co., according to a report by the Financial Times late Sunday. Their effort would compete with a bid by Sinclair Broadcast Group Inc. , which is reportedly offering Tribune more than $30 a share. Tribune Media owns a number of TV stations around the country as well as the WGN America cable network. Fox shares the same ownership as MarketWatch’s parent company, News Corp.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News