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21st Century Fox Shares Soar on Report of Disney Sale Talks

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Photo via 21st Century Fox on Wikimedia Commons under the Creative Commons License

Variety reports: “Shares in 21st Century Fox spiked in midday trading Monday following a report from CNBC that the Murdochs have held talks in recent weeks to sell a large portion of the media conglomerate to Disney. CNBC’s David Faber reported that the sale talks have centered around the 20th Century Fox movie and TV production operations, the FX Networks and National Geographic TV cable groups as well as Fox’s enormous portfolio of international channels.”

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