21st Century Fox shares spike on reports of Disney talks

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Disney reportedly in talks to buy part of 21st Century Fox

Disney is reportedly in talks to buy the entertainment divisions of 21st Century Fox.

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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Disney & 21st Century Fox Talking?

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.