Last week, it was reported that 21th Century Fox was looking to sell its movie studio to Walt Disney Studios. Both companies talked about the deal, but then it was quickly revealed that talks had died down weeks ago.
However, last night CNBC's David Faber reported that his sources stated: "Pencils aren't down." This means that both companies are probably still debating what to do next and how to move forward with what was discussed during their initial meetings. Fox wants to focus more on its news and sports while a different company, in this case Disney if the deal gets made, will be in charge of all movie and tv properties. Such a deal would give Disney the rights to various franchises, including the Marvel properties, The Fantastic Four, X-Men and Deadpool.
Faber also added: "It does appear at the very least that they have not abandoned the idea of that combination."
Since the news broke shares of both companies have gone up with Disney gaining 7% and Fox 18%.
It is only a matter of time now before we will find out if Disney will indeed buy 21st Century Fox.
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