Disney In Talks to Buy Most of 21st Century Fox

Lucy Hill
November 7, 2017

According to a CNBC report, the House of Mouse has been in talks to acquire (most of) 21st Century Fox.

According to CNBC, the two sides are not talking now, but have held talks in the last few weeks, reflecting a view among Fox managers that the company could not gain the size needed to compete with Amazon, Netflix and other major media players.

The question is: If Disney buys 21st Century Fox, what happens to the current (and successful) trend of R-rated comic book movies?

21st Century FOX is in talks to sell parts of its company to Disney, in a deal that could see movie rights to the X-Men and Fantastic Four return to Marvel.

The company could not own two broadcast networks and would therefore not buy the Fox broadcast network.

"According to people with knowledge of the talks, the company could not own two broadcast networks and would therefore not buy the Fox broadcast network", Faber reported on CNBC.

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A source familiar with Sessions' comments to Congress told ABC News the attorney general "has been entirely truthful and consistent on this matter".

If a deal like this did happen and did receive regulatory approval, it could have some significant effects on sports.

Disney, which under US rules could not own two broadcast networks, would not purchase all of Fox, CNBC reported. But Disney could acquire Fox's film and television studios, worldwide assets like Sky and Star, and Fox's cable networks including FX and National Geographic.

Oswald the Lucky Rabbit came home to Disney after Iger agreed to turnover a legendary character of its own by releasing Al Michaels form his ABC Sports contract so he could move to NBC.

"I see lots of synergies for Disney".

There's also the question of what it would mean for Fox to be focused even more on news and sports. The additional movie content from 20th Century Fox would make the service a big competitor to something like Netflix. Disney will be able to get the rest including movie and TV properties.

Fox's shares jumped 9.9 percent to close at $27.45 on Nasdaq, and Disney shares climbed 2.0 percent to $100.64 on the New York Stock Exchange.

Other reports by TheDailyFarc

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