21st Century Fox shares hit record high

“21st Century Fox shares hit a record high early Wednesday, shooting up 7.4% after a U.S. judge gave the green light late Tuesday for AT&T [s:T] to acquire Time Warner TWX, +3.27% “ writes Sarah Toy for The ruling paves the road for a bidding war between Comcast Corp. DIS, +3.23% for some of Fox’s [s:FOXA] valuable entertainment assets, including the Twentieth Century Fox TV and film studios, a controlling interest in Hulu and a 39% stake in Sky PLC. Fox shares are up 26.1% so far this year, while Comcast shares have fallen 21.3% and Disney shares have retreated 1.5%.

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