Disney, Fox Deal Could Reportedly Close This Week

Fox, Disney on 'glide path' for Thursday deal announcement: Sources

Fox's Star to bring Disney cash, cricket in India

Wall Street analysts are frenzied in anticipation of a likely deal between Fox and Disney in which Disney would acquire a major portion of 21st Century Fox Inc. and Rupert Murdoch's son James would take a senior position at Disney.

So, Disney looks nearly certain to emerge as the buyer of Fox's assets, and likely to see little or no opposition to the deal from a regulatory standpoint. Those assets include the Twentieth Century Fox movie and TV studio, cable channels including regional sports networks and key global properties.

Fox has decided that their response to the pressure on media companies will be to become more focused on sports and news, and in order to do so, they have been exploring a sale of most of the company. CNBC said the deal would give Fox shareholders 25 percent of an expanded Disney empire.

Fox would remain as an independent entity, as Fox Sports, Fox News and Fox Business would remain with its current company.

Ice warning for commuters as snow expected in west
It will be drier elsewhere, but with the risk of a few scattered showers, and mist patches will affect some central areas. Expect roads to be snow-packed and slippery for awhile, with improving conditions bu midday and afternoon on Thursday.

James on the other hand would likely snag a top spot at Disney and be in line to possibly succeed Bob Iger when he steps down as CEO of the company. Internationally, Disney would pick up Fox's 39% stake in Sky, the Star network in India and the Fox International Channels business, which airs shows such as The Walking Dead.

It's said Comcast recently dropped out of competing with Disney to purchase Fox Studios, which has left Disney as the lone bidder. "That's what we tried to do and we are no longer engaged in the review of those assets".

There is still the chance that someone else will end up with the assets, but the reason given by Comcast for their withdrawal from the process, a "lack of engagement" from Fox, suggests that Disney will be the eventual winners. Media stocks overall are mixed as the Dow 30 has already gone up 104 points on the day, while the Nasdaq and S&P 500 are largely flat.

Latest News