21st Century Fox has been holding talks to sell most of the company to Disney: Sources
Publishing timestamp: 2017-11-06 18:31:34
Summary
21st Century Fox has been in talks to sell most of the company to Walt Disney Co., leaving behind a media company focused on news and sports. The talks have taken place over the last few weeks, but there is no certainty they will lead to a deal. Disney is interested in acquiring another movie studio and TV production assets as it prepares for direct-to-consumer streaming offerings. Disney would not purchase all of Fox, including the broadcast network, sports programming assets, Fox News, or local broadcasting affiliates. The structure of the deal and price discussed are unknown, and officials from both companies declined to comment. Fox shares ended higher by 9.9 percent, while Disney added 2 percent on the day.
Sentiment: MIXED
Tickers: DIS, 02P-FF, 01KG-GB, AMZN, GOOGL, META, NFLX,
Keywords: technology, stock markets, business news, walt disney co, media, twenty-first century fox inc,