The Twenty-First Century Fox Studios lot is seen in Los Angeles, California U.S. November 6, 2017. REUTERS/Lucy Nicholson
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Rupert Murdoch's Twenty-First Century Fox Inc. has held talks to sell most of its film and television assets to Walt Disney Co., which would gain new programming and expand its international reach, CNBC reported Monday.Fox's shares jumped 9.9 percent to close at $27.45 on Nasdaq, and Disney shares climbed 2 percent to $100.64 on the New York Stock Exchange.Representatives of Disney and Fox had no comment.Disney, which under U.S. rules could not own two broadcast networks, would not purchase all of Fox, CNBC reported. It would not seek to buy Fox's sports programming assets for fear of running foul of antitrust laws with its own ESPN network, and also would not buy Fox News or Fox's broadcast network or local broadcasting affiliates, the report said.
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