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.
Featured Image: depositphotos/prescott10
