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Fox held talks to sell most of its assets to Disney

Fox's shares jumped 9.9 percent to close at $27.45 on Nasdaq, and Disney shares climbed 2.0 per cent to $100.64 on the New York Stock Exchange

Lisa Richwine & Jessica Toonkel | Reuters 

Rupert Murdoch’s Twenty-First Century Fox has held talks to sell most of its film and television assets to Walt Disney, which would gain new programming and expand its international reach, CNBC reported on Monday. Fox’s shares jumped 9.9 percent to close at $27.45 on Nasdaq, and Disney shares climbed 2.0 per cent to $100.64 on the New York Stock Exchange. The two sides are not currently talking, but had held talks in the last few weeks, CNBC reported, citing unidentified people familiar with the matter. The discussions reflect a view among Fox executives ...

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First Published: Wed, November 08 2017. 02:11 IST
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