Iger Asked To Stay Disney CEO After Making Fox Deal

08 December, 2017, 08:09 | Author: Sammy Rose
  • Iger Asked To Stay Disney CEO After Making Fox Deal

Disney is in the lead to acquire much of Fox's media empire, though rival suitor Comcast Corp remains in contention, Reuters reported on Tuesday.

Variety points out that any deal to buy Fox would likely include Fox's 30% stake in Hulu (the streaming service now airing Disney's adaptation of Marvel's Runaways), which would take Disney's total stake to 60%.

The Murdochs - Rupert Murdoch, 86, and his sons James and Lachlan, Fox's executive chairman - are considering a sale as the market values the group behind more slowly growing peers.

The Times subsequently reported that a deal for Walt Disney to buy several entertainment and worldwide distribution assets from 21st Century Fox has entered the advanced stages and could be agreed before the end of the year.

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Disney's recently stated its intention to create its own streaming service - ending a deal with Netflix - but there's been no news as to what form such a streaming service might take.

A deal with Disney might overcome some of those challenges. Not only have there been reports that 21 Century Fox is favoring the Mickey Mouse House above all of its interested buyers, but there have been reports that negotiations have been going smoothly and that the deal could be finalized within a week.

The Wall Street Journal too has said that talks between the two parties are being held and "gaining momentum", but also reported that the discussions have even fall through.

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