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

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Fox’s shares jumped 9.9 percent to close at $27.45 on Nasdaq

Lisa Richwine & Jessica Toonkel | Reuters

Last Updated : Nov 08 2017 | 2:31 AM IST

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 that the media company could not reach

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