Disney gains and Fox slips as details of the expected asset sale emerge (DIS, FOXA)

Markets Insider

  • 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.
Read more about the potential impacts of the deal here.

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