Fox's James Murdoch Declines to Address Disney Talks

Disney reopens talks to buy 21st Century Fox assets, say reports

Disney reopens talks to buy 21st Century Fox assets, say reports

The 21st Century Fox sales talks have resumed, with both the Walt Disney Company and Comcast Corps re-engaged in active discussions, according to The Wall Street Journal. "So no there's nothing to add to that, other than the nothing that we've said so far".

The Fox assets that buyers have expressed interest in include Fox's movie and TV production studios, cable networks FX and National Geographic, and worldwide assets such as the Star network in India, and the European pay TV provider Sky Plc.

However, no deal between Disney and Fox is imminent and several issues have yet to be fully negotiated, the sources said.

The news network pegs the assets for sale from Fox to have an enterprise value of about $60 billion.

Shares of 21st Century Fox rose 73 cents to $28.85 in midday trading after CNBC reported this morning that a deal could be announced as early as next week.

Fox would retain its stake in the top-rated Fox News, the Fox broadcast network and its FS1 sports network.

Disney could also take hold of Fox's 30% stake in Hulu, giving Disney a controlling interest in the streaming platform-Comcast/NBCUniversal owns 30% and Time Warner owns 10% of Hulu. Fox would easily be Disney's biggest acquisition under Iger, and from a business standpoint, could help jumpstart Disney's stock, which has stagnated for the last three years over fears of ESPN's decline and the lack of a clear over-the-top distribution strategy.

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