Disney-Fox $60 billion deal expected to happen Thursday

Ann Santiago
December 13, 2017

Disney has been courting 21st Century Fox for a possible acquisition deal for so long the very process should be locked away in the Disney vault. Disney could also get United Kingdom -based TV and Internet provider Sky, of which Fox now owns 39% and is seeking to acquire in its entirety.

Left out of a potential Disney and Fox deal would be the company's flagship Fox News and Fox Business channels, as well as the Fox broadcast network and Fox Sports 1.

These include Fox's FX and National Geographic cable channels, its movie studio, the Star network in India and stake in European pay-TV provider Sky. Comcast reportedly dropped its bid for Fox on Monday, with Disney now being the sole suitor.

The cable and media powerhouse decided, in the end, not to pursue a deal to acquire some of 21st Century Fox's most notable assets, including the Twentieth Century Fox television and movie studios.

"We never got the level of engagement needed to make a definitive offer", Comcast said in a statement.

Murdoch and Fox have recently seen their $15 billion bid to acquire the 61% of Sky that it does not own thwarted by United Kingdom regulators investigating legal suits and charges of sexual harassment and discrimination at Fox News.

It was last month that Comcast showed their interest in buying the entertainment wing of the Fox studios, which included Fox's movie and television studio apart from their worldwide properties. 20th Century Fox is indeed the centerpiece of the deal - both the movie studio and respective networks. That said, it's hard to fathom that Disney will spend billions of dollars and not capitalize on the assets that Fox has already built in its storied history, including their successful R-rated projects. Apart from the small top group at Disney and Fox, who are directly involved in the ongoing negotiations, the workers at the two firms seem to have no clue on what's going on in their companies that has led to a lot of anxiety and speculations about the future.

Other reports by

Discuss This Article