(Reuters) – Rupert Murdoch-controlled Twenty-First Century Fox has held talks to sell most of the company to Walt Disney Co, CNBC reported on Monday, citing unnamed people familiar with the matter.

The flag of the Twenty-First Century Fox Inc at the company headquarters in Manhattan. REUTERS/Eduardo Munoz

Fox’s shares rose 5.8 percent to $26.40 in afternoon trading in response. Disney’s shares were up 1.2 pct at $99.86.

The CNBC report said the two sides were not talking currently, but had held talks in the last few weeks,

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