Why Twenty-First Century Fox Inc. Shares Popped 7% Today
Shares of Twenty-First Century Fox Inc. (NASDAQ: FOX) (NASDAQ: FOXA) jumped as much as 7.3% in trading Friday after news broke that Comcast (NASDAQ: CMCSA) is interested in buying some of the company's assets.
Reports have surfaced that Disney (NYSE: DIS) has been interested in buying Twenty-First Century Fox's TV and movie studios and international businesses. The latter company would keep the Fox network and Fox News, plus some related networks focusing on news and sports.
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Source: Fool.com