Disney Has Held Talks To Buy Fox Entertainment Assets

Rupert Murdoch’s 21st Century Fox has been engaged in talks to sell its movie and television production studios to Walt Disney Co., according to a person familiar with the matter who was not authorized to comment on the discussions.CNBC reported that Murdoch’s media company might be interested in unloading many of its Los Angeles-based entertainment properties.Fox News would not be part of any sale, one person familiar with the talks said.Such a sale would make Disney a more formidable media conglomerate at a time when AT&T is trying to swallow Time Warner Inc., owner of CNN and HBO, and technology companies are creating original content.

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