Disney Explored Buying Fox Assets; Talks Now Dead

  • Fox shares jump on report of discussions over studio, networks
  • Disney is said to eye FX, NatGeo; Fox would have kept Fox News
Walt Disney held talks to buy most of FOX according to CNBC. Bloomberg Intelligence’s Paul Sweeney reports.(Source: Bloomberg)
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Walt Disney Co. held talks to buy 21st Century Fox Inc.’s movie studio and other assets, a person familiar with the matter said, a deal that would have given the entertainment giant control of another studio and TV networks across the world.

The two sides aren’t talking anymore, said the person, who asked not to be identified discussing private information. Fox shares surged as much as 8.9 percent, and Disney rose as much as 2.4 percent after CNBC first reported on the discussions. Both companies declined to comment.