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Though thwarted in its attempt two years ago to buy Time Warner, Fox proves it still has global ambitions by securing a preliminary deal to buy all of Europe's Sky.
Shares of the network owner have continued to rise, propelled by rising acceptance by management that a merger with its former parent is inevitable and can work.
5 U.S. stock benchmarks are at all all time highs and the stock rally has reached every corner of the market.
AT&T and Time Warner kicked off a hearing to defend their $84.5 billion merger. AT&T is no stranger to legal battles and anti-trust battles.