Shares of 21st Century Fox (NASDAQ:FOXA) spiked nearly 10% on reports that the company recently held talks with Walt Disney (NYSE:DIS) to buy certain company assets, including the film studio, according to The Wall Street Journal. These same reports say talks are currently not in progress.
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Shares of Disney gained 2% on the news. The House of Mouse is set to report earnings on Thursday.
21st Century Fox is the parent company of FOX Business and Fox News.