How Twenty-First Century Fox, Inc. Stock Rose 22% in November
Shares of Twenty-First Century Fox (NASDAQ: FOX) (NASDAQ: FOXA) gained 22.1% in November, according to data from S&P Global Market Intelligence. The movie studio is looking for buyers, attracting at least one serious suitor.
The thrill ride started on Nov. 6, when Walt Disney (NYSE: DIS) was said to have started buyout talks with Fox. Shares surged 10% higher on that report, but that was just the beginning. Two weeks later, Twenty-First Century Fox posted another 7% gain when Comcast (NASDAQ: CMCSA) emerged as a potential bidder for the studio's assets.
Here we stand, near the middle of December, and neither Comcast nor Disney have actually published a deal proposal yet.
Source: Fool.com
