21st Century Fox reportedly in talks with Disney to sell off most studio assets to the Mouse House

21st Century Fox, one Hollywood’s major film and television production studios, is said to be in talks with the Disney company to sell a large portion of its studio assets to the Mouse House. Rupert Murdoch apparently is more interested in shoring up his news and sports media assets and is considering taking the resulting company private. The move would significantly add to Disney’s TV production arm which would come at an optimum time considering the company is developing its own streaming service to compete with such companies as Netflix, Hulu, Amazon and Youtube. Murdoch’s restructured holdings would continue to hold controlling interests in such assets as the Fox News Channel, Fox Sports, Fox Business, numerous newspaper outlets including the Wall Street Journal, and Fox televion stations throughout the United States. The proposed sale has boosted stock prices for both companies in recent days.

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