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NEW YORK (TheStreet) --Twenty-First Century Fox (FOXA)  shares are climbing 0.11% to $27.86 Wednesday afternoon on reports that the company is showing interest in acquiring a minority stake in Viacom's (VIAB) Paramount Pictures, according to the New York Post. 

The media and entertainment company is not interested in being a pure financial investor, rather in exploring a deal that would create synergies for Paramount.

However, the two companies have not yet talked and Fox has given Viacom the cold shoulder, the Post noted. 

To date, three dozen companies along with Twenty-First Century Fox have shown interest after Viacom announced late February that it was pursuing a deal to sell a stake in its film and television studio. 

Viacom is expected to use the proceeds from the Paramount stake sale in part to pay debt. 

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Separately, TheStreet Ratings currently has a "Hold" rating on the stock with a letter grade of C+.

The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and a generally disappointing performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles' author.

You can view the full analysis from the report here: FOXA

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