Disney Stock: Disney Rejects ABC Sale Report – No Decision

Entertainment giant Walt Disney has rejected reports of a possible sale of ABC Group and its TV channels to Nexstar.

“Any report in this regard is unfounded,” the company said on Thursday in Burbank. However, Walt Disney was open to considering a variety of strategic options for the linear business areas. At this point in time, no decision has been made regarding the sale of ABC or other properties, it said.

The Bloomberg news agency had previously reported, citing a person in the know, that Disney had held exploratory talks about selling the ABC Group and its TV channels to Nexstar. The discussions are preliminary and do not yet include a specific assessment, it said. A spokeswoman for Nexstar declined to comment to Bloomberg.

BURBANK (dpa-AFX)

Selected leverage products on Walt Disney

With knock-outs, speculative investors can participate disproportionately in price movements. Simply select the lever you want and we will show you suitable open-end products on Walt Disney

Image sources: Alexandre Tziripouloff / Shutterstock.com, canbedone / Shutterstock.com

ttn-28