Why Twenty-First Century Fox Inc. Stock Popped Today

Why Twenty-First Century Fox Inc. Stock Popped Today

Shares of Twenty-First Century Fox Inc. (NASDAQ: FOXA)(NASDAQ: FOX) jumped 9.9% on Monday, following reports that the media leader recently held talks to sell most of its assets to Walt Disney Co. (NYSE: DIS). Shares of Disney also climbed 2% on the news.

According to CNBC, sources familiar with the situation say that Disney would acquire assets including 21st Century Fox's movie studio, entertainment networks such as FX and National Geographic, TV production assets, and international assets including the Star cable network in India and a stake in Europe-based satellite service Sky. 

IMAGE SOURCE: DISNEY.

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Source: Fool.com