According to a report by CNBC, the past few weeks 21st Century Fox has been discussing the possibility of selling most of the company to Disney. This would exclude a small portion of the company that would be left to focus on news and sports.
If this deal goes through, Disney would most likely now own many of Fox’s movies rights, including Fantastic Four and X-Men.
Following the first whispers of this rumor on Monday, Disney’s stock surged 5.6% and even froze momentarily.
BREAKING: $FOXA surges 5.6% before getting halted; company has been holding talks to sell most of itself to Disney https://t.co/JRf6Ly3hs6 pic.twitter.com/b6P3m5lyeu
— CNBC (@CNBC) November 6, 2017
“…talks are on again off again, and currently off again, so there’s no guarantee a deal will happen, but it’s nice to finally see a light at the end of the tunnel for fans of the Fantastic Four, whose book was canceled as a result of tensions with Fox and has yet to return, and the X-Men, whose prominence has been reduced since the hostilities between Perlmutter and Fox began,” as stated by bleedingcool.com.
What do you hope to come of this deal? How about a mega, star-studded superhero crosser?
Stay tuned for more announcements!