Starz Talks Sale With 21st Century Fox
Executives from Starz met on Tuesday with 21st Century Fox and discussed selling the premium network programmer.
21st Century Fox last month called off a bid for Time Warner, whose key assets include HBO. Rupert Murdoch’s media company has since said it plans no major acquisitions—and Starz would carry a pricetag in the billions of dollars.
One executive familiar with the meeting said Fox agreed to meet with Starz as a courtesy and had no interest in pursuing a transaction. The talks were originally reported by the Los Angeles Times.
A Starz spokesman did not return a request for a comment.
It is unclear if Starz, controlled by John Malone, will attempt to sell itself to other media companies.
Starz stock rose more than 5% in early trading Wednesday on the possibility the company will be acquired.
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.