The fallout from AT&T's $85 billion deal for Time Warner has begun, but maybe not how investors expected. 21st Century Fox has reached a preliminary deal to buy the 61 percent of Sky it didn't already own for $14.1 billion. But Fox may need to boost its bid to convince Sky shareholders they're paying a high enough price. Meanwhile, Shari Redstone, who controls CBS and Viacom with her father, Sumner, pulled the plug on her proposal to merge the companies. Bloomberg entertainment reporter Lucas Shaw and host Alex Sherman discuss what CBS and Viacom may do now without a combination, and why Fox moved on Sky.

<p>The fallout from AT&amp;T's $85 billion deal for Time Warner has begun, but maybe not how investors expected. 21st Century Fox has reached a preliminary deal to buy the 61 percent of Sky it didn't already own for $14.1 billion. But Fox may need to boost its bid to convince Sky shareholders they're paying a high enough price. Meanwhile, Shari Redstone, who controls CBS and Viacom with her father, Sumner, pulled the plug on her proposal to merge the companies. Bloomberg entertainment reporter Lucas Shaw and host Alex Sherman discuss what CBS and Viacom may do now without a combination, and why Fox moved on Sky.</p>

Bloomberg M&A reporters, joined by outside experts and members of Bloomberg's Deals team, examines the week's biggest deals and highlights M&A trends most under scrutiny by Wall Street. He'll talk to reporters who broke Bloomberg's major scoops and interview investors, executives, lawyers and bankers for an inside peek into what's going on inside corporate boardrooms and what it's like working with the world's largest companies and richest people.

Bloomberg M&A reporter Alex Sherman examines the week's biggest deals and highlights M&A trends most under scrutiny by Wall Street.

Deal of the Week

56: Fox Agrees to Buy Sky While CBS and Viacom Stay Split

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