Disney closing in on deal to buy Fox assets: Report

21st-Century-Fox

Walt Disney Company and y 21st Century Fox are closing in on a deal, and it could be announced publicly as soon as next week, according to a new report from CNBC, citing sources familiar with the matter. The enterprise value for the assets is seen above USD 60 billion, the CNBC report adds.
The deal contemplates the sale of Fox’s Nat Geo, Star, regional sports networks, movie studios and stakes in DTH operator Sky and the streaming platform Hulu, among other properties Fox would maintain ownership of its news and business news divisions, broadcast network and Fox sports.
According to U.S. media, James Murdoch, the Fox chief executive and the magnate’s youngest son, is being considered as a potential successor to Bob Iger, chief executive of Walt Disney, who will retire in 2019. Bloomberg reported Fox would prefer to sell some of its assets to Walt Disney because it is seen as a better strategic fit with less regulatory hurdles. Comcast and Verizon are also reportedly interested in Fox assets.

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