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Disney slides on news its close to deal with Fox (DIS, FOXA)

Disney is close to a deal with 21st Century Fox, CNBC reported Tuesday. The news sent shares of Fox higher while Disney slumped. Shares of the Walt Disney Co. dropped as much as 1.8% Tuesday morning after CNBC reported the company is close acquiring 21st Century Fox's studio and production assets. The stock has pared its losses and now trades down 1.24% at $108.85 a share.
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