Diamonds and Dogs
Crazy like a fox. 21st Century Fox (FOXA) is up 8% on news Disney has been in talks to buy many of their assets including 2st Century Fox's movie studio, TV production assets, entertainment channels such as FX and National Geographic, and some international assets such as BSkyB. The questions is, is Disney crazy like a fox?
Not a good year for Telecom. Sprint (S) is down 11% to a new 52 week low after a merger between them and T-Mobile has collapsed. All the telecom stocks are lower as investors fear the death of this merger with lead to increase competition and cheaper cellphone plans. Not a bad deal for consumers.