21st Century Fox

Comcast Corp, the biggest cable operator in the United States, has offered to pay $31 billion to buy Sky, the European pay-TV group that has agreed to be sold to Rupert Murdoch’s Fox.

Disney is buying a large part of the Murdoch family’s 21st Century Fox for about $52.4 billion in stock, including film and television studios and cable and international TV businesses, as it tries to meet competition from technology companies in the entertainment business.

Walt Disney Co's deal to buy film, television and international businesses from Rupert Murdoch's Twenty-First Century Fox Inc  will value the latter at over $40 per share, or $75 billion, a person familiar with the matter said, quoted by Reuters.

Twenty-First Century Fox Inc has reached a $90 million settlement of shareholder claims arising from the sexual harassment scandal at its Fox News Channel, which cost the jobs of longtime news chief Roger Ailes and anchor Bill O'Reilly, reported Reuters.

Rupert Murdoch's 21st Century Fox said on June 16 its board approved a shakeup that puts the 84-year-old tycoon's son James in the chief executive job effective July 1.

The media-entertainment conglomerate's board approved the plan in which the Australian-born magnate would step down as CEO and become co-executive chairman with his other son, Lachlan.

Rupert Murdoch will soon hand over the reins of the media dynasty that began with his father's Australian newspaper nearly a century ago to his sons.