21st Century Fox Teaming With Blackstone Group on Tribune Bid

21st Century Fox is teaming with Blackstone Group to take on Sinclair in a bid for Tribune.
Stocks quotes in this article: FOXA, BX, TRCO, NXST, SBGI

21st Century Fox (FOXA)  is teaming with Blackstone Group (BX)  to fund the purchase of television station operator Tribune Media (TRCO) , sources told CNBC. Blackstone would provide the cash for the deal while Fox would provide the infrastructure. Nextstar Media (NXST)  and Sinclair Broadcast Group (SBGI)  are also weighing bids for the company, according to media reports.

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TAGS: Investing | Video | Financial Services | Television Production/Distribution | Media | Technology | Opinion | Economic Data | Mergers and Acquisitions | Entertainment |

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