While you were sleeping: Walt Disney, Fox shares climb

Thu, 14 Dec 2017

By Margreet Dietz Dec. 15 (BusinessDesk) - Wall Street inched lower as investors eyed the final negotiations on the Republican tax bill. Bucking the trend, shares of Walt Disney rose after the company agreed to buy most of Rupert Murdoch’s Twenty-First Century Fox for US$52.4 billion. Before the acquisition, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders, the companies said i...

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