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Disney could announce deal for Fox assets next week

Orlondo Matamoros | Diciembre 07, 2017, 09:59

The 21st Century Fox sales talks have resumed, with both the Walt Disney Company and Comcast Corps re-engaged in active discussions, according to The Wall Street Journal.

Since then, the deal has reportedly progressed substantially and Fox is looking to sell most of their company to Disney for a mountain of money weighing in at $60 billion or more.

James Murdoch, 21st Century Fox's chief executive officer, has had to battle a series of scandals at the company, including sexual harassment allegations at the top of Fox News.

The deal with Disney would include Fox's movie and TV studios, as well as global holdings in ventures including a stake in United Kingdom satellite company Sky. The talks don't include Fox News, the Fox broadcast network or the Fox Sports 1 channel.

Deadline reported last week that talks were heating up between Disney and Fox after reaching an impasse over price.

The newly resurgent Sony also is interested in the Fox assets, positioning itself as the safe path from a regulatory perspective, according to sources.

For Disney, the deal would give it access to Fox's content and greatly expand its current market share of the US box office.

Disney would also gain access to more content for its upcoming direct-to-consumer streaming service and increase its stable of cable networks at a time when ballooning sports rights costs are dragging down its once-formidable ESPN.