Disney gains and Fox slips as details of the expected asset sale emerge
Dec 13, 2017, 20:14 IST
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- 21st Century Fox is reportedly in the final stages of selling its entertainment and TV business to Disney.
- Fox shareholders are expected to hold 25% of Disney's shares after the deal, according to CNBC's David Faber.
- Fox is down 1.61% to $33.55 after the news.
- Disney is trading 0.92% higher.
- A deal is expected to be announced later this week, though it likely won't include announcements about how management of the new companies will be settled, CNBC reports.