Iger likely to stay if Fox deal happens

Angelo Anderson
December 7, 2017

With the sale, Fox intends to focus on just sports and news and it believes that these are the fields where the firm can efficiently compete.

Among the assets Disney would acquire in the Fox deal include cable networks National Geographic and FX, Fox Networks Group and its global divisions (excluding the Fox broadcast channel), an extra 30% stake in Hulu, 50% of Endemol Shine Group, a 39% stake in Sky and control of Indian pay TV service Star TV.

Speculation is also mounting that Sky chairman James Murdoch could be installed as Disney chief executive if the sell-off goes through.

Fox-owner Rupert Murdoch and his family are favouring a transaction with Disney over Comcast because regulators would be more likely to clear the deal and they would rather be paid in Disney stock, sources told Reuters. The Justice Department has sued to block AT&T's $85.4 billion takeover of Time Warner, a so-called vertical merger that would unite the largest television distributor in the United States with a major content producer. An announcement on the deal could come as early as next week.

A deal that could be announced as soon as late next week, the Journal reported, citing people with knowledge of the talks.

Other reports by Iphone Fresh

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