21st Century Fox shares soar after report of sale talks with Disney

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In what could be the biggest Disney purchase since they bought Star Wars from George Lucas, the company has apparently been in talks to buy most of 21st Century Fox!

The two sides are not now talking, but had held talks in the last few weeks, CNBC reported, citing unidentified people familiar with the matter.

A Disney spokesman did not immediately respond to a request for comment while Fox was not immediately available for comment. While Fox would end up with a more tightly focused news and sports business, Walt Disney would gain an additional movie studio and some massive TV production assets. Instead, it could refocus its business around a core group of news and sports assets like Fox News and Fox Sports 1. Such an agreement would prevent Disney from violating FCC rules, which prohibit one company from owning more than one of the four major broadcast networks - Disney already owns ABC.

"In addition to the movie studio, TV production and global assets such as Star and BSkyB, Disney would also add entertainment networks such as FX and Nat Geo". Apple, which also reportedly eyed the company, has always been seen as a potential buyer for Disney.

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Notably, Disney couldn't buy Fox's core TV resources even if it wanted to.

SuperHeroHype will keep you up to date on any new movement on this potentially momentous deal! If and when Disney is back in possession of the rights that 21st Century Fox now holds, it would mean that Marvel Studios could finally bring a number of classic Marvel properties such as the X-Men and the Fantastic Four into its shared cinematic universe. That £11.7bn ($15.41bn) deal has run afoul of regulators' concerns about media plurality in the United Kingdom and the Murdochs' commitment to broadcasting standards. Sports, news and The Simpsons fans shouldn't worry. He assumes Fox shareholders would get equity in the larger Disney.

Variety reports Fox's stock price shot up more than 6 percent within 30 minutes of the CNBC report, and Disney shares also grew slightly to just under $100.

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