Nov 6, 2017

Fox boosted by reports of Disney talks

Walt Disney and Rupert Murdoch's 21st Century Fox shares surged on Monday after reports that Fox has discussed selling "Most" of its business, including its Sky stake, to Disney. Fox leaders want to focus on sports and news, according to CNBC, which first reported the story. Shares in Fox jumped almost 10% after the reports that it is looking for possible partners. Several reports suggested that the preliminary talks talks between Walt Disney and 21st Century Fox have stopped but could resume. Disney shares also gained on the news, rising 2%..

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