21st Century Fox in Talks to Sell Most of Company to Disney

07 November, 2017, 00:31 | Author: Julio Duncan
  • 21st Century Fox Disney

The two sides are not now talking at this moment, but given the on again, off again nature of the talks, they could be revisited.

One of the biggest entertainment industry acquisitions since The Walt Disney Company bought Lucasfilm is reportedly in the works, and it involves the entertainment juggernaut buying yet another major movie and television entity.

The deal would trim 21st Century Fox's assets into a more focused slate of news and sports networks that can better compete in a changing media landscape, the report said.

The report regarding the deal indicates that Disney is avoiding the Fox Sports and Fox News assets, as well as the Fox broadcast network, in order to stay on the right side of antitrust laws.


Twenty-First Century Fox has a total valuation of $48 billion U.S., but the assets it would be buying are valued at about half that, Needham analyst Laura Martin told the network. That deal is now undergoing review by United Kingdom regulators.

Fox would continue to own its broadcast network and TV stations, cable news networks and sports businesses. However with this sale, Disney can merge the MCU with the aformentioned characters.

Marvel Studios' inability to use the X-Men and Fantastic Four - as well as most of their supporting casts - within the MCU franchise has always been a sore spot with Marvel fans, and it didn't look likely that FOX would ever be inclined to give the film rights to the characters back to Marvel.

Fox's stock is up more than 7% on the reports from CNBC and The Wall Street Journal, which cite unidentified insiders and describe negotiations not now being held. Officials at Disney and Fox declined to comment. The fact that Disney and Fox were in talks in the first place would indicate that there remains a chance, however slight, that the studios might yet come to an agreement. Disney shares rose 1.6% on the news.

Recommended:



Popular

Antonio Conte Dismisses AC Milan Rumours, Says 'Leave It Out'
Asked by television reporters whether or not Luiz still has a future at Chelsea , head coach Conte replied: "I don't know". I have to make the best decision for the club, not for a single player.

Giants defense a no-show in 51-17 loss to Rams
Running back Todd Gurley has run for at least 100 yards in each of his last two games and in four of his last five games. The Rams will be back at home at the Coliseum for the first time in over a month next week to play the Texans.

County official tells CNN more than 20 killed in Texas church attack
US President Donald Trump, on a visit to Japan, tweeted his concern, saying he was "monitoring the situation". Police said there were multiple fatalities and multiple wounded, but an exact number has not been released.

World of Warcraft Announces Major Expansion Called Battle for Azeroth
Scour Azeroth's myriad uncharted Islands and conquer an ever-changing array of enemies, environments, and objectives. Alliance defenders however seek the aid of equally capable seafaring kingdom Kul Tiras , home of Jaina Proudmoore.

TJ Yeldon up again with Leonard Fournette benched by Jacksonville Jaguars
The Jaguars announced that Chris Ivory , who had 47 yards on 17 carries against the Colts, will start in Fournette's place. It was obvious Ramsey was yacking Green's ear off all game and perhaps the officials just got exhausted of it.

Liverpool overpower lacklustre West Ham at the London Stadium
Bilic has been under pressure at West Ham for some time and the boss concedes talks with the chairman have been scheduled. It was simply woeful defending and summed up yet another miserable night for West Ham at the London Stadium.

Mobile reportedly makes Sprint a revised offer
If T-Mobile and Sprint had aligned, they would collectively rise to the number three provider slot in the USA mobile market. This isn't the first time Sprint has tried to acquire T-Mobile, and it may not be the last.

Deshaun Watson's Season Comes to a Sudden End; Tears ACL in Practice
Nearly immediately the Texans signed Matt McGloin a free agent QB who was coached at Penn State by Bill O'Brien. They are now in third place at 3-4 in the AFC South and seemed to be doing better.

Broadcom considering bid to acquire San Diego's Qualcomm
The two companies are already among the top ten providers of chips ranked by revenue in an industry that's consolidating rapidly. Qualcomm has a market cap of around $92 billion as of writing while Broadcom is worth almost $113 billion.

CME to launch bitcoin futures
These are just a few and widely varying, examples of where the bitcoin's value could head to in the next decade. CME Group's introduction of bitcoin future contracts could bring more institutional investors into the arena.