Rupert Murdoch jets into Idaho's Sun Valley next week for the year's most exclusive tech and media industry gathering, armed with both the money and the appetite for a major deal. The 83-year-old Twenty-First Century Fox Inc chief executive officer, a regular at investment bank Allen & Co's annual gathering, is in the midst of a deal that would give Fox the firepower to purchase a content company.Fox's 39 percent-owned British Sky Broadcasting Group Plc is negotiating to buy Fox's Sky Italia and its Sky Deutschland subsidiary in a deal that could net Fox as much as $13 billion."He's got the capital, resources and credibility to do a deal," said Mark Boidman, managing director of investment bank Peter J. Solomon Company, who is not attending the conference. "He's in a good position to know what to go after and when to do it."Sun Valley will be teeming with CEOs whose companies might fit the bill. Among expected attendees are Time Warner Inc CEO Jeff Bewkes and Viacom Inc CEO Philippe Dauman.
Twenty-First Century Fox, Inc., formerly News Corporation, is a diversified global media and entertainment company with operations in cable network programming; television; filmed entertainment; direct broadcast satellite television, and other, corporate and eliminations. Shares of FOXA fell by 0.28% or $-0.1/share to $35.15. In the past year, the shares have traded as low as $28.77 and as high as $36.43. On average, 12817900 shares of FOXA exchange hands on a given day and today's volume is recorded at 11022239.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX traded higher by 0.73% or $0.51/share to $70.25. In the past year, the shares have traded as low as $55.72 and as high as $70.27. On average, 5797500 shares of TWX exchange hands on a given day and today's volume is recorded at 5375961.
Viacom Inc. (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications (apps), games, consumer products, social media and other entertainment content. Shares of VIAB traded higher by 0.42% or $0.36/share to $86.73. In the past year, the shares have traded as low as $66.82 and as high as $89.27. On average, 2072360 shares of VIAB exchange hands on a given day and today's volume is recorded at 2181730.
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