Twenty-First Century Fox denies report it held takeover talks with Discovery by Reuters @FortuneMagazine February 23, 2015, 6:09 PM EST E-mail Tweet Facebook Google Plus Linkedin Share icons Rupert Murdoch’s Twenty-First Century Fox held preliminary takeover talks with Discovery Communications with a view to creating a $100 billion entertainment giant, the Australian Financial Review reported on Monday. Fox, which like other broadcasters is battling a shift to on-demand TV, denied there had been any talks with Discovery, which owns Animal Planet and the Discovery Channel. “No truth, not even any sort of talks”, said John Connolly, a spokesman for the company in Australia. “There is no truth in the rumours.” The AFR reported senior executives from both companies met about two weeks ago to discuss a potential takeover bid, citing unnamed sources close to the situation. The discussions were “nascent”, and there was no guarantee that a formal offer would be made or that discussions have continued, it said. Discovery declined to comment on the report.