Disney Reportedly Held Talks With 21st Century Fox to Buy Entertainment Assets
Disney held talks with 21st Century Fox to purchase various entertainment assets, according to CNBC.
Disney (DIS) - Get Report held talks with 21st Century Fox (FOXA) - Get Report to purchase various entertainment assets, according to CNBC.
Shares of 21st Century Fox surged over 7%, while Disney's stock rose 1.7%.
The reported merger talks come as media content companies try to compete against streaming giant Netflix (NFLX) - Get Report .
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