(Bloomberg) -- European media stocks rallied, led by Lagardere SCA and RCS MediaGroup SpA, after News Corp.'s bid for Dow Jones & Co. fueled speculation of takeovers among publishers.
``There could be a move to consolidate'' in the media sector, said Stephen Pope, head of equities research at Cantor Fitzgerald Europe in London. ``You are going to see some companies will fall by the way and some will be snapped up.''
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