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Regal Entertainment Sold for $3.6 Billion

Disney could reach a deal with Fox as soon as next week.
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Shares of Disney (DIS) - Get Walt Disney Company Report were down more than 3% following reports that the company could announce the purchase of rival Fox Studio assets as soon as next week. The assets in question could be worth up to $60 billion, according to CNBC.

Shares of Regal Entertainment (RGC) spiked nearly 10% Tuesday after the company agreed to be purchased by U.K. theater company Cineworld Group for $3.6 billion.Regal, which is the country's second-largest theater company, is now foreign-owned just like the country's top theater company, AMC (AMC) - Get AMC Entertainment Holdings, Inc. Class A Report .

Shares of Dish Network (DISH) - Get DISH Network Corporation Class A Report were up slightly Tuesday after the company announced that CEO Charlie Ergen will be stepping down from the position to devote more of his time to the company's emerging wireless business. Dish promoted current President and Chief Operating office Erik Carlson.

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