21st Century Fox shares soar on heels Disney sale reports

(FinancialPress) — Shares of 21st Century Fox (FOXA) rose as much as 8.5% on Monday, after reports of that the company is in talks to sell most of its assets to Disney (DIS)  became public.   The deal in question would see Fox selling its movie studio, TV production unit and entertainment networks to the Disney conglomerate. Meanwhile, Fox would keep its news and sports holdings, around which it would restructure itself. Local broadcast stations and its broadcast network would also remain as their own. The talks have cooled down, for now. CNBC chimed in on the subject and revealed that while”two sides are not currently talking at this very moment,” the talks “could be revisited.” The move would potentially allow Fox to focus on growing its news and sports netwo...

Group rescued from sea after boat sinks off Guernsey

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