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| Fox shares jump on sale speculation | Fox shares jump on sale speculation |
| (35 minutes later) | |
| Shares in 21st Century Fox have jumped amid reports that several major companies have come forward as suitors for parts of its business. | Shares in 21st Century Fox have jumped amid reports that several major companies have come forward as suitors for parts of its business. |
| The US firm's shares gained 4% in early trade on Friday, after several sources reported interest from Comcast, Sony and Verizon. | The US firm's shares gained 4% in early trade on Friday, after several sources reported interest from Comcast, Sony and Verizon. |
| Last week the company, which is led by the family of Rupert Murdoch, was said to be holding talks with Disney. | Last week the company, which is led by the family of Rupert Murdoch, was said to be holding talks with Disney. |
| 21st Century Fox has not directly addressed the speculation. | 21st Century Fox has not directly addressed the speculation. |
| The Wall Street Journal - in which the Murdoch family also has a large stake - reported that Fox is considering shedding its movie studio, cable networks and international businesses, including Europe-based Sky. | |
| That would leave the firm more narrowly focused on sports and news. | |
| A break-up would represent a sharp shift in strategy for a family that has previously appeared intent on expansion. | |
| Last year, Fox announced a deal to take full control of Sky, in which it already has a 39% stake. But the merger has been delayed, pending approval by UK authorities. | Last year, Fox announced a deal to take full control of Sky, in which it already has a 39% stake. But the merger has been delayed, pending approval by UK authorities. |
| Media analyst Claire Enders, founder of Enders Analysis, said the speculation suggests that Fox is exploring other possibilities should that deal fall through. | Media analyst Claire Enders, founder of Enders Analysis, said the speculation suggests that Fox is exploring other possibilities should that deal fall through. |
| "I think this is really Plan B," she said. | "I think this is really Plan B," she said. |