Global stocks take a hit

TV giant Sky. Its final offer was worth about $39 billion and topped an offer from Twenty-First Century Fox, which is already a major Sky shareholder.

In London, Sky shares jumped 8.6 percent. Comcast sank 6 percent to $35.63, while Fox rose 1.5 percent to $45.01. Disney, which is buying Fox, climbed 2.1 percent to $112.77.

Barrick Gold will buy competitor Randgold Resources for $6.1 billion in stock. The merged company will combine Randgold’s African mines with Barrick’s holdings in the Americas to form the world’s largest gold miner.

Barrick rose 5.4 percent to $11.04. Randgold gained 6.6 percent to $68.14.

Subscription radio company Sirius XM says it’s buying music streaming service Pandora Media. The deal will expand its service beyond cars and into homes and other areas. The companies valued the deal at about $3.5 billion in stock.

Sirius sank 10.3 percent to $6.26 and Pandora slid 1.2 percent to $8.98.

An Italian newspaper reported that the Versace group is on the verge of announcing that it will be acquired, and Bloomberg and Reuters reported that luxury fashion and handbag maker Michael Kors is the buyer. The Italian publication, Corriere della Sera, said the deal is worth 2 billion euros ($2.4 billion).

Michael Kors stock skidded 8.2 percent to $66.71.

Marijuana-related companies continued to make dramatic moves. Biotechnology company Intrexon soared 31.5 percent to $19.07 in heavy trading after it said it engineered a strain of yeast to produce chemical compounds found in marijuana consistently and at low cost. Scientists say that has been a problem in researching the drug.

Canadian medical marijuana company Tilray sank 19.1 percent to $99.50, its third consecutive big loss. Before that, the stock’s value nearly tripled over the course of a week and a half.

Bond prices fell. The yield on the 10-year Treasury note rose to 3.08 percent from 3.06 percent.