Disney And Fox Could Close A Deal As Soon As Next Week


Igeris due to retire in 2019 and James Murdoch, now chief executive of 21st Century Fox and chairman of the satellite broadcaster Sky, is a possible successor.

Early last month, news broke that Walt Disney Co. was making moves to acquire major assets from 21 Century Fox; most notably their film and television divisions.

If the deal comes off, Rupert Murdoch and his other son Lachlan would be left with a rump of Fox including its broadcast network that airs Fox News and Fox Sports.

Fox is reportedly hoping that sports and news will be more resistant to cord cutting because Americans still largely watch news and sports live.

Interestingly enough, the deal is expected to be finalized as soon as next week. "Fox is also talking with CNBC parent company Comcast, but the talks with Disney have progressed more significantly".

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It is rumored that this deal will be valued at above $60 billion.

Of course, this deal comes with its pros and cons. The Fantastic Four could move in with the Avengers and we'd finally be able to see Deadpool's friendship with Spider-Man blossom on screen. It's hard to know with details so sparse, but if the deal goes through (which remains a big "if"), Disney will own a regional sports empire to buttress its ESPN properties, almost 20 years after tabling plans for ESPN West.

However, that is all just speculation for now.

It's believed that a decision could come to a head within the next week or so, but until that happens, we'll keep you posted as this situation develops.