Disney Stock Jumps 6% when Negotiations with Twenty-First Century Fox Resume

Disney Stock

Shares of the Walt Disney Company (NYSE:DIS) jumped after it was announced that negotiations between Disney and Twenty-First Century Fox (NASDAQ:FOX) have started up again.

According to those involved with the negotiations, Disney is looking to buy out Fox’s TV and movie studio, among other things.

Negotiations began a few weeks ago but came to a halt when a price agreement was unable to be reached.

The reignition of the negotiations generated enough interest to increase Disney stock 6%, with each share landing on $111.32. Fox saw a similar climb of 4%, with shares reaching $33.60 per share.

The negotiation talks are proving to be incredibly helpful for Disney, as prior to them, Disney stock had only increased 1% since the start of the year. Any future negotiations and subsequent acquisitions will likely have a similar result.

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About the author: Samara graduated from Simon Fraser University with a BA in English, minoring in Publishing and Creative Writing. One day she hopes to publish her very own novel, but in the meantime, she contents herself with blogging and editing. She currently specializes in writing financial news and analysis, as well as cryptocurrency news and information.