Following the CNBC report this morning that sent everyone into a tizzy over the possibility, The Wall Street Journal has thrown a bucket of ice water on the speculation over Disney potentially buying Fox’s film division.
The outlet has further information on the deal, stating it fell apart after the two sides couldn’t agree on deal points and how much money should change hands. While the initial report did indicate talks had ceased, there was the impression they could resume. WSJ’s report however suggests chances of that now are next to none.
Both companies saw their stocks get a boost with the news that such a deal was under consideration – Fox jumping by 5% and Disney by 1%. By all indications Fox is still intent on offloading their film assets in the near future, and with this deal falling through it’s likely other major players will step up to potentially take on the job.
Source: The Playlist